Oppenheimer analyst Jason Helfstein raised his price target for Alphabet to $1,620 from $1,530 following quarterly results and given segment disclosure. However, the analyst notes that Search is slowing, YouTube was smaller than expected, and there was no change in Other Bets outlook. Helfstein has an Outperform rating on the shares.
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.