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Fly News Breaks for April 24, 2018
GOOG, GOOGL
Apr 24, 2018 | 08:33 EDT
Morgan Stanley analyst Brian Nowak noted that Alphabet's Q1 revenue came in 1% better than he expected and 3% better than consensus and he believes the revenue beat speaks to the company's long growth runway and monetization potential. He estimates that Alphabet's "like-for-like EBIT" was 6% better than he'd forecast, but 4% below the Street view. However, he believes the company's higher than expected operating expenses combined with management commentary about investments in 2018 may limit near-term revisions. Stating that "revenue trumps opex," Nowak raised his 2018 and 2019 EBITDA estimate by 3% and 2%, respectively, which increased his price target on Alphabet to $1,200. He maintains an Overweight rating on the stock.
News For GOOGL;GOOG From the Last 2 Days
GOOGL
Mar 27, 2024 | 15:57 EDT
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
GOOGL, GOOG
Mar 26, 2024 | 13:46 EDT
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