Alibaba shares could more than double in a 'blue sky scenario' after company split, JPMorgan says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The Wall Street firm said the Chinese tech stock has even further upside over the medium- and long-term.

It's time to snap up Alibaba shares as they could more than double in a "blue sky scenario" following the company split, according to JPMorgan. Analyst Alex Yao said Wednesday that Alibaba shares have even further upside over the medium- and long-term, even after the e-commerce giant's reorganization announcement spurred the stock to close higher on Tuesday by more than 14%.

mountain Alibaba US-listed shares 1-day "From an investor sentiment impact perspective, we liken Alibaba's reorganization to Google's transformation to Alphabet, a clear sentiment booster that should drive near-term stock price," Yao wrote. "Nonetheless, we believe Alibaba's reorganization could bring about more significant implication to business fundamentals and share price over the mid-to-longer term.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and moreAlibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.
La source: CNBC - 🏆 12. / 72 Lire la suite »