Tech Analyst Sees 50% Upside For FAANGs Through Spinoffs
Mar 25, 2021
Mega-cap technology companies should consider Spinoffs of major businesses, as this would both reduce the risk of antitrust action against them and result in strong upside for the stocks, according to the research firm The Edge.
Should they Spinoff businesses like Instagram, YouTube, or Amazon Web Services, FAANG stocks — a reference to a group that includes Facebook, Apple, Amazon, and Google-parent Alphabet — could see upside of more than 50% over the next five years in a bull-case scenario, analyst Jim Osman wrote.