(Reuters) – Morgan Stanley reduced its industry view on internet shares to "in-line" from "attractive," saying growth within the sector must accelerate to justify present valuations. Shares of Fb Inc and LinkedIn Corp have greater than doubled within the ultimate three hundred and sixty five days, and alternate forty four and ninety seven times forward income, in line with Thomson Reuters knowledge. Google Inc's shares have risen fifty six % in the identical length and exchange nearly 20 occasions earnings, information confirmed. Morgan Stanley analysts said the rise in the valuation of web stocks has been due to investors taking a look at the complete addressable market (TAM) chance with minimal focal point on dangers.
Morgan Stanley says internet companies overvalued, lowers view
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