Morgan Stanley Gets New Tech Team Leader - Veteran Crystal Zhu From JPMorgan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2024
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Source: Benzinga
- Crystal Zhu Joins Morgan Stanley: Crystal Zhu, previously at JPMorgan Chase, transitions to Morgan Stanley as co-head of their Asia Pacific technology team.
- Focus on Tech Sector: Zhu will focus on mergers and acquisitions and initial public offerings in the tech sector while based in Hong Kong.
- Morgan Stanley's Recent Exits: The move follows high-level exits at Morgan Stanley, including Ren Chen and Henry Tsai from internet investment banking roles.
- M&A League Performance: Bloomberg data shows Morgan Stanley trailing JPMorgan in APAC M&A league this year with a 17% drop in deal volume involving regional firms.
- Financial Performance and Stock: Morgan Stanley reported strong fiscal first-quarter revenues, beating estimates, and its stock gained 11% in the last 12 months.
Analyst Views on PAPI
Wall Street analysts forecast PAPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAPI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.150
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Current: 27.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
