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Fly News Breaks for February 4, 2020
GOOGL, GOOG
Feb 4, 2020 | 08:36 EDT
Canaccord analyst Maria Ripps said Alphabet (GOOG;GOOGL) reported mixed Q4 results as revenue decelerated. However, the company provided disclosures around the size of YouTube and Cloud which should help with investor sentiment an highlight the stability of the core Search revenue stream. She thinks the current valuation is reasonable and expects any weakness in the shares to be short-lived. Ripps reiterated her Buy rating and $1600 price target on Alphabet shares.
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