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Fly News Breaks for April 25, 2019
GOOGL
Apr 25, 2019 | 09:27 EDT
Ahead of Alphabet's quarterly results, Credit Suisse analyst Stephen Ju says it is "increasingly likely" to inflect free cash flow growth higher in the first half of 2019 - and in particular Q1 - as land/building acquisitions are unlikely to be a regular occurrence. Further, as he continues to believe that management has been efficiently allocating capital, the analyst expects more robust contributions from the non-search businesses to rise to sustain revenue growth, even as core search continues to decelerate. Ju reiterates an Outperform rating and a $1,400 price target on the shares.
News For GOOGL From the Last 2 Days
GOOGL
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
GOOGL
Apr 17, 2024 | 15:48 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. UPPING PARENTAL CONTROLS: The... To see the rest of the story go to thefly.com. See Story Here
GOOGL
Apr 17, 2024 | 08:09 EDT
Truist raised the firm's price target on Alphabet to $170 from $158 and keeps a Buy rating on the shares. The firm is expecting the company to report "solid" Q1 results driven by "healthy" user engagement that continues to drive more ad spending across Search and Social, helped by an ongoing recovery in pricing. Conversations with digital ad agencies suggest that the momentum seen in Q4 was sustained in Q1 across Search and YouTube, though the management's commentary for Q2 may be cautious given the macro environment, with continued emphasis on investments in Cloud and AI, the analyst tells investors in a research note.
GOOGL
Apr 17, 2024 | 05:54 EDT
The U.K. plans to hold talks this month with Apple (AAPL), Meta (META), Alphabet (GOOGL) and others to push a voluntary charter granting parents more control of social media use by young teens, Bloomberg's Ellen Milligan reports. According to people familiar with the matter, ministers want to launch a consultation later this month to gauge ways of limiting the potential harm to children caused by social media, and the proposed voluntary charter may involve tech firms agreeing to alert parents when their children are repeatedly looking up disturbing content. Reference Link