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Fly News Breaks for February 4, 2020
Feb 4, 2020 | 09:07 EDT
JPMorgan analyst Doug Anmuth raised his price target for Alphabet to $1,535 from $1,460 while maintaining an Overweight rating on the shares. The analyst understands the post-earnings pullback in the shares, particularly following outperformance over the past couple months, saying the light Q4 revenue overshadowed the increased disclosures. While the mix of ad revenue differs from expectations, it shows the sustainability of search growth led by mobile, and the "headroom" for YouTube, especially as bigger TV dollars begin to shift online, Anmuth tells investors in a research note. The analyst adds that while Street estimates may come down some near-term, he continues to like Google shares.
News For GOOG;GOOGL From the Last 2 Days
Oct 27, 2020 | 12:45 EDT
CD Projekt (OTGLY) said in a statement posted to Twitter that its upcoming game "Cyberpunk 2077," which is set to come out on PC, Google Stadia (GOOG), Xbox One (MSFT), PlayStation 4 (SNE), Xbox Series X, and PlayStation 5, has been delayed by 21 days, with December 10 becoming its new release date. "The biggest challenge for us right now is shipping the game on current-gen, next-gen, and PC at the same time, which requires us to prepare and test 9 versions of it (Xbox One/X, compatibility on Xbox Series S/X, PS4/Pro, compatibility on PS5, PC, Stadia) while working from home," the company said. "Since Cyberpunk 2077 evolved towards almost being a next-gen title somewhere along the way, we need to make sure everything works well and every version runs smoothly. We're aware it might seem unrealistic when someone says that 21 days can make any difference in such a massive and complex game, but they really do." Reference Link
Oct 27, 2020 | 12:31 EDT
For this week's edition of "Game On," The Fly spoke with Jefferies analyst Alex Giaimo in an exclusive interview on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Ahead... To see the rest of the story go to See Story Here