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Fly News Breaks for February 4, 2020
GOOGL, GOOG
Feb 4, 2020 | 06:18 EDT
Nomura Instinet analyst Mark Kelley raised his price target for Alphabet to $1,680 from $1,560 and keeps a Buy rating on the shares. Alphabet's Q4 results were slightly below the Street, but it finally expanded its disclosure, revealing revenue figures for the YouTube ads business and Cloud, as well as qualitative color around YouTube's subscription products, Kelley tells investors in a research note. YouTube ad revenue grew 36% in 2019, and the Cloud business is also a bright spot, growing 53% in 2019, says the analyst.
News For GOOG;GOOGL From the Last 2 Days
GOOG, GOOGL
Oct 21, 2021 | 12:32 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to thefly.com. See Story Here
GOOG, GOOGL
Oct 21, 2021 | 10:48 EDT
Snap Inc. (SNAP) is scheduled... To see the rest of the story go to thefly.com. See Story Here
GOOG, GOOGL
Oct 21, 2021 | 10:28 EDT
Stephens analyst Nicholas Zangler notes that Roku (ROKU) and Google (GOOGL) continue to be embroiled in a contract dispute that may result in the removal of YouTube/YouTube TV apps from new Roku OS enabled devices if a deal is not reached by December 9th. Since April, the companies have been working to renew a partnership that would enable customers to once again download the YouTube TV app on the Roku OS, but negotiations appear to have stalled, the analyst adds. Zangler believes Roku sits in the "more enviable" position, given that the Roku OS commands 38% streaming hour market share among operating systems and comes embedded on 38% of TVs sold effectively serving as gatekeeper to a vast content library. He has an Overweight rating and a price target of $475 on Roku's shares.
GOOGL, GOOG
Oct 21, 2021 | 09:56 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. ON THE SIDELINES:... To see the rest of the story go to thefly.com. See Story Here