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Fly News Breaks for February 4, 2020
GOOG, GOOGL
Feb 4, 2020 | 08:16 EDT
Morgan Stanley analyst Brian Nowak said Alphabet's new segment disclosure reveals that global search revenue was about 6% larger he than expected in 2019, while YouTube's $15B of 2019 revenue was about 30% smaller than he expected, though it is growing about 300 basis points faster year-over-year than he estimated. Google Cloud "is what we thought it was," with $9B of annual revenue and 50% year-over-year growth. The new segment disclosure gives better insight into the company's main growth drivers, but his thesis remains that Alphabet's ability to innovate and drive engagement across its nine products with 1B plus users are key to driving long-term value. Nowak keeps an Overweight rating on Alphabet with a $1,560 price target on the shares.
News For GOOGL;GOOG From the Last 2 Days
GOOGL, GOOG
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 thefly.com. See Story Here
GOOG
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