economy
Jim Cramer sees an additional 25% upside for our newest stock due to this catalyst
FedEx stock can go even higher after the delivery giant separates its freight business, Jim Cramer said Tuesday.
TL;DR
- Jim Cramer expects FedEx stock to rise significantly after its freight business is separated.
- The separation is seen as a catalyst for increased stock value, with a potential 25% upside.
- FedEx is considered a play on e-commerce and long-term growth trends in AI infrastructure, including data center transportation.
- Cramer dismisses concerns about competition from Amazon's logistics services.
- Analysts from Wells Fargo and Citi also view the freight split positively, citing self-help and cost-saving opportunities.
- The stock is believed to deserve a higher valuation multiple despite recent gains.