TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Rakuten ( (JP:4755) ) has shared an announcement.
Rakuten Group, Inc. announced a strategic decision to exclude Rakuten STAY, Inc. from its previously planned absorption-type mergers due to its independent business nature. Instead, Rakuten will transfer the Oyado business and shares of Rakuten STAY Operations, Inc. and Yufuin Kutsuroginosato Co., Ltd. to itself through a company split. This move aims to create synergies, reduce administrative costs, and improve operational efficiency, aligning with Rakuten’s broader strategy of optimizing its organizational structure and enhancing its ecosystem.
The most recent analyst rating on (JP:4755) stock is a Hold with a Yen850.00 price target. To see the full list of analyst forecasts on Rakuten stock, see the JP:4755 Stock Forecast page.
More about Rakuten
Rakuten Group, Inc. is a diversified company involved in various sectors including e-commerce, internet services, FinTech, mobile services, and professional sports management. The company offers over 70 services, aiming to create a unique ecosystem that enhances user engagement and maximizes revenue through cross-service synergies.
Average Trading Volume: 18,677,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen2128.5B
Find detailed analytics on 4755 stock on TipRanks’ Stock Analysis page.