Alphabet, Meta Platforms Targets Cut at KeyBanc on Tougher Ad Environment By

© Reuters. By Senad Karaahmetovic KeyBanc analysts lowered price targets on Alphabet (NASDAQ:) and Meta Platforms (NASDAQ:) amid increasing concerns the ad market will see a downturn in 2023. These concerns have made investors further skeptical of revenue estimates for both META and GOOGL, analysts said in a client note. As a result, the analysts … Read more

Alphabet, Microsoft Lead Bear-Market Earnings Season

(Bloomberg) — Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. The superlatives have followed one after another in 2022’s wild ride. Shares of Meta Platforms Inc (NASDAQ:) have lost 61%, their biggest drop … Read more

Alphabet, Coca-Cola, UPS Earnings: 3 Things to Watch

By Liz Moyer — Stocks bounced on Monday, adding to last week’s gains as investors prepared for a wave of big tech earnings. Investors have been encouraged to reenter riskier trades such as growth stocks after indications that at least some Federal Reserve officials see slowing the pace of interest rate increases after the … Read more

Alphabet Price Targets Cut, But Morgan Stanley Buyers on Weakness By

© Reuters By Sam Boughedda Morgan Stanley cut the price targets of Google parent company Alphabet (NASDAQ:) and Facebook parent Meta Platforms (NASDAQ:) on Monday. Alphabet’s price target was cut to $135 from $145 per share, while Meta’s price target was lowered to $205 from $225. However, Morgan Stanley said the firm are buyers of … Read more

Alphabet and Meta Platforms Remain BofA’s Top Value Internet Stocks By

© Reuters. By Senad Karaahmetovic Bank of America has reiterated the firm’s positive stance on Alphabet (NASDAQ:) (NASDAQ:) and Meta Platforms (NASDAQ:), which BofA still sees as the top value stocks within the Internet sector. Still, Bank of America acknowledges that Street estimates for Alphabet/Meta advertising revenues are likely too high for 2023. Moreover, Increasing … Read more

Alphabet CEO Says Employees ‘Shouldn’t Always Equate Fun with Money’

© Reuters. By Sam Boughedda According to a report by CNBC Friday, CEO Sundar Pichai of Google parent company Alphabet (NASDAQ:) faced questions from employees at an all-hands meeting regarding cuts to travel, entertainment budgets, managing productivity, and potential layoffs. CNBC said the audio they obtained revealed the CEO was asked why the company is … Read more