Rakuten traded at 785.60 this Friday July 24th, decreasing 12.00 or 1.50 percent since the previous trading session. Looking back, over the last four weeks, Rakuten lost 12.37 percent. Over the last 12 months, its price fell by 0.24 percent. Looking ahead, we forecast Rakuten to be priced at 749.31 by the end of this quarter and at 650.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Rakuten Group Inc is a Japan-based company principally engaged in the integrated Internet service business. The Company operates through three business segments. The Internet Service segment is mainly engaged in the operation of Internet shopping mall Website Rakuten Market and other electronic commerce (EC) Websites, online cashback Websites, travel reservation Websites, portal Websites. The segment is also involved in the sale of advertisements on these Websites, as well as the operation of professional sports facilities. The FinTech segment is engaged in the provision of banking and securities services via the Internet, credit cards related services, life insurance services, insurance services and electronic money services. The Mobile segment is engaged in the provision of communication services and messaging services, as well as operation of digital content Websites. The Company also operates marketing support busines, Rakuten delivery business and real-time takeout business.