Yandex shares are growing: will they reach the mark of 5 thousand rubles?
Yandex shares are growing, and according to the analysts of BKS Company, the corporation has all chances to increase the price by 10% more and increase the value of securities up to 5 thousand rubles. Last week the price reached a historical maximum, which was observed against the background of the inclusion of the Internet giant in the index MSCI Russia.
Despite the great prospects, analysts are not sure about the terms of the quotes growth by 10%. The price of one share at the last trades was 4554 rubles, which was a quite expected jump. The fact is that the inclusion of the company in the index makes it possible to increase additional liquidity, as the securities become available to a wider range of investors. Accordingly, the inflow of new funds contributes to the increase in quotations and keeps the dynamics of the securities value increase at a rather high level.
Yandex” has all the possibilities to enter the top four of MSCI Russia Standard. In addition, the shares of the corporation began to rise in price even before the official announcement of its inclusion in the index. According to analysts, the total amount of capital inflow was about 600 million to 1 billion dollars. Thus, the news about inclusion of “Yandex” shares in the index began to work on growth of quotations since June of last year.
A number of experts assess trends in Russian corporations with similar foreign companies. For example, due to the rapid dynamics in the past few months, the paper “Yandex” became more expensive than Facebook, but Amazon has not yet managed to get ahead.
Experts note the high potential of the Russian corporation, and in order to maintain and overtake the achieved result, “Yandex” needs to develop major projects and develop new ones.
About six months ago, the company began to improve the functionality of “Yandex.Market”, which has every chance to become a leader in terms of profit among the directions. The Russian Internet giant is also looking at new trends in the market, among which the FinTech segment stands out. The recent pandemic has shown how relevant and promising this area is. In addition, changes in the country’s legal framework regarding the use of Russian-made software also contribute to further development.
All these factors give hope that the company’s shares will increase in price to 5 thousand rubles per paper. And if now it happens thanks to active investors, the inflow of funds from passive investors is expected soon.
However, analysts warn that if Yandex does not identify the main drivers in the near future, the growth of quotes may stop, and then the desired price per share will not be possible until the end of this year.
