Craig-Hallum analyst Anthony Stoss raised the firm's price target on Boingo Wireless (WIFI) to $22 from $18 and keeps a Buy rating on the shares. Stoss tells investors that he would be an aggressive buyer of shares this morning as the company confirmed there are multiple companies interested in M&A. The analyst thinks a deal will likely get done and notes Boingo would make an attractive takeout candidate to a variety of companies including tower companies, wireless carriers, PE firms, fiber companies or even Google (GOOGL).
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY UBER: Nomura... To see the rest of the story go to thefly.com. See Story Here
Canaccord analyst Maria Ripps raised the firm's price target on Alphabet Class A to $2600 from $2400 and keeps a Buy rating on the shares. The analyst noted strength form YouTube helped offset its Search advertising softness last year, and she expects continued momentum from YouTube and a steady recovery from Search to drive an acceleration of its ad revenue growth in 2021.
JPMorgan analyst Doug Anmuth raised the firm's price target on Alphabet to $2,575 from $2,390 and keeps an Overweight rating on the shares. Even with the stock up 30% year-to-date, Alphabet remains one of the analyst's best ideas. Anmuth remains positive on the company's "improving top and bottom line trajectory and potential for bigger capital returns." He updated his sum-of-the-parts valuation, which suggests a market cap approaching $2 trillion, or $2,857 per share, 25% above where shares currently trade.