Gathering time stock Overweight rating, the target share price from 47 U.S. dollars to 56 U.S. dollars

Source: Internet
Author: User
Keywords We gathered in the age of
Tags company cto operating operating profit platforms released show social

JPMorgan released its investment report today to maintain its nasdaq:yy "overweight" rating, raising its target share price from $47 trillion to $56.

The following is a summary of the contents of the report:

We believe that in the commercialization phase and profitability, the gathering time and Tencent 2005 years of similar situation. We expect the gathering era to show the same profitability and profitability as Tencent did. To that end, we will increase the operating profit margin for the 2014 fiscal year from 29% to 32%.

The scalability of social platforms: between 2005 and 2010, Tencent's operating profit margin grew by 16%, the equivalent of 3% a year, before the investment strategy was rewarded. We expect the same profit margin to rise in the gathering age.

Profit margin expectations: We expect the operating profit margin for the 2013 fiscal year to increase from 13% to 25% in fiscal year 2012, 2014 in the fiscal year and 26% in fiscal year 2015. We will increase the earnings forecast for each share of the 2014 fiscal year by 19%, 15% higher than Wall Street expects.

CTO turnover will not be too much impact: The gathering Time Chief Technology Officer (CTO) Zhaobin will leave the end of this year, the company's recent stock price downturn to some extent by the impact of the news. Although Zhaobin plays a crucial role in building the technology architecture, we do not believe that its departure will have a significant impact on the company's business: 1 Zhaobin will still be the chairman of the internal Technical Committee in the gathering era; 2 the competitiveness of the gathering era has shifted from pure technology to ecosystem. 2006 Baidu CTO after the departure, did not have a significant impact on the company's business.

Valuation: We continue to maintain the "overweight" rating of our share of the era, raising our target share price from $47 to $56.

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.