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Fly News Breaks for November 27, 2019
GOOGL, GOOG, FIT
Nov 27, 2019 | 08:06 EDT
Deutsche Bank analyst Jeffrey Rand continues to believe that the acquisition of Fitbit (FIT) by Google (GOOG, GOOGL) will close. However, the fact that there was another party willing to make a bid close to the acquisition price should ease some concern about the potential impact on Fitbit's stock price if the Google deal falls through due to regulatory issues, Rand tells investors in a research note after the company released its preliminary proxy statement. According to CNBC, the "Party A" revealed in the proxy that was also interested in Fitbit is Facebook (FB). Rand believes Fitbit shares should inch up closer to its potential acquisition price, saying it now appears the company would have potential suitors even if the current deal falls through. He keeps a Hold rating on Fitbit shares.
News For FIT;GOOG;GOOGL From the Last 2 Days
GOOG, GOOGL
Apr 20, 2021 | 10:03 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY UBER: Nomura... To see the rest of the story go to thefly.com. See Story Here
GOOGL, GOOG
Apr 19, 2021 | 07:35 EDT
Canaccord analyst Maria Ripps raised the firm's price target on Alphabet Class A to $2600 from $2400 and keeps a Buy rating on the shares. The analyst noted strength form YouTube helped offset its Search advertising softness last year, and she expects continued momentum from YouTube and a steady recovery from Search to drive an acceleration of its ad revenue growth in 2021.
GOOGL, GOOG
Apr 19, 2021 | 07:33 EDT
JPMorgan analyst Doug Anmuth raised the firm's price target on Alphabet to $2,575 from $2,390 and keeps an Overweight rating on the shares. Even with the stock up 30% year-to-date, Alphabet remains one of the analyst's best ideas. Anmuth remains positive on the company's "improving top and bottom line trajectory and potential for bigger capital returns." He updated his sum-of-the-parts valuation, which suggests a market cap approaching $2 trillion, or $2,857 per share, 25% above where shares currently trade.