Canaccord analyst Michael Graham said Alphabet reported another strong quarter with a lot of familiar trends playing out. He cited revenue growth continuing to accelerate, but operating margins contracting by the greatest amount since 2014. The analyst said Alphabet is an attractive stock relative to much of the broader market, but he finds it less compelling regarding long-term growth. Graham reiterated his Hold rating and lowered his price target to $1,050 from $1,100 on Alphabet shares.
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here