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Fly News Breaks for February 4, 2020
Feb 4, 2020 | 07:39 EDT
Guggenheim analyst Michael Morris noted that Alphabet's Q4 revenue of $46.1B was "modestly below" his $47.0B estimate and the consensus forecast of $46.9B, which he sees adding to broader concerns that expectations for digital ad growth are too high. He believes Alphabet needs growth drivers beyond core Google Search advertising to drive renewed investor enthusiasm, but also believes the company's broad portfolio, including YouTube and Cloud, provide a basis for confidence. Following the quarterly report, Morris raised his price target on Alphabet shares to $1,580 from $1,460 and keeps a Buy rating on both classes of the stock.
News For GOOGL;GOOG From the Last 2 Days
Sep 22, 2021 | 15:56 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. ANTITRUST LATEST: The... To see the rest of the story go to See Story Here
Sep 21, 2021 | 10:06 EDT
The Subcommittee on Competition Policy, Antitrust & Consumer Rights holds a hearing entitled, "Big Data, Big Questions: Implications for Competition & Consumers" with Sheila Colclasure , Global Chief Digital Responsibility & Public Policy Officer at IPG Kinesso, Steve Satterfield, Vice President of Privacy & Public Policy at Facebook and Markham Erickson, Vice President of Government Affairs & Public Policy at Google on September 21 at 2:30 pm. Webcast Link