TikTok's New U.S. Joint Venture: TikTok has signed agreements to create a U.S.-based joint venture with investors like Oracle and Silver Lake, reducing ByteDance's control and addressing U.S. data security concerns.
Oracle's Role in TikTok: Oracle will hold a 15% stake in the new TikTok entity, reinforcing its position in data hosting and cloud infrastructure, which is beneficial for technology ETFs that include Oracle.
Shift in Investment Focus: The TikTok deal reflects a broader trend among ETF investors moving towards essential tech infrastructure rather than consumer-facing companies, emphasizing themes like data sovereignty and cloud security.
Regulatory Risks Persist: Despite the restructuring, regulatory scrutiny remains a concern for ByteDance's stake in TikTok, but these issues are viewed as thematic tailwinds rather than fundamental risks for ETF investors.
Wall Street analysts forecast SKYY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYY 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.
0 Analyst Rating
Wall Street analysts forecast SKYY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYY 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.
0 Buy
0 Hold
0 Sell
Current: 120.360
Low
Averages
High
Current: 120.360
Low
Averages
High
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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.
