Xiaomi shares set a new record and analysts forecast a 29% growth in 2020

Xiaomi shares set a new record and analysts forecast a 29% growth in 2020

A few days ago we anticipated the great rise that Xiaomi's actions had experienced following the presentation of the Redmi K30 . A small great respite after the intense decline they had suffered throughout 2019, but now aim to continue growing throughout the next 2020 as analysts say.

There is no doubt that the Redmi K30 5G liked it a lot. And, beyond being a simple renovation of the current Redmi K20 / Mi 9T, the Xiaomi sub-brand has done a great job incorporating cutting-edge technologies such as its new Snapdragon 765G , its main camera SONY IMX686 or its 120Hz screen.

So much so that Xiaomi shares, since the presentation of the Redmi K30, have not stopped rising to stand at the current 10.4HK $ . A rise that we had not seen since last July , beating a new record of growth in the shares of the firm.

Xiaomi shares set a new record and analysts forecast a 29% growth in 2020

The Redmi K30 5G has marked a before and after even in the value of Xiaomi shares.

Likewise, the firm itself wanted to confirm it, ensuring that in the last week its shares have grown by 4%, establishing a new maximum since July. With this, Xiaomi already has a market value of 31 billion dollars , again forecasting an upward growth that will lengthen during the next 2020.

According to experts, Xiaomi could achieve total growth throughout 2020 of up to 29% . That is why, most analysts recommend this moment as a key state for investment and the purchase of shares of the firm. Undoubtedly, a very nice news that after a 2029 in continuous fall makes us see with a better vision of the future that our favorite brand has ahead.

Source | ITHome
Via | Gizchina

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