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Alphabet Target Cut On Weaker Ad Environment - Latest News

Alphabet target cut on weaker ad environment

SunTrust trims Alphabet (GOOG,GOOGL) from $1,600 to $1,350, citing a weaker ad environment that's "likely to continue until a gradual recovery unfolds in 4Q20."Analyst Youssef Squali calls the ... read more

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Alphabet Price Target Cut by SunTrust Analyst Over Pandemic's Impact on Ads

A SunTrust analyst cut his price target on Alphabet to $1,350 from $1,600, calling the coronavirus's impact on advertising "a shock to the system." Shares of Google's parent at last check were up 1.5% ... read more

Why Alphabet Investors Should Prepare for Falling Profits

The effects of COVID-19 have not left tech stocks like Alphabet (NASDAQ ... He also expects the effects to linger into 2021. Squali cut his 2021 profit estimate from $57.35 per share down to $42.87 ... read more

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J.P. Morgan Slashes Earnings Estimates on Internet Stocks — But Not Amazon or Netflix

He cut estimates and target prices Wednesday on two dozen companies ... “will also be hard-hit as [small- and medium-size businesses] suffer during the current lockdown and in an overall weaker macro ... read more

Wall Street Analyst Bosts Fox To ‘Buy’ In Rare Media Upgrade

Guggenheim analyst Michael Morris slapped a buy rating on shares of Fox Thursday - a rare upgrade in a period of dislocation and dire predictions by Wall Street across media and entertainment. Morris ... read more

Nine’s cost-cutting: Will it be enough as ad spend prospects drop?

The media group, in assuming the COVID-19 crisis continues for the rest of the calendar year, plans to cut $266 million ... FTA competitors in this environment, and forward earnings are supported by ... read more

Big Tech's more than $450bn cash pile will help them weather coronavirus storm

With deep pockets and huge cash reserves, companies like Apple, Microsoft, Amazon and Google-parent Alphabet are not ... about to become an extremely target-rich environment for the most cash ... read more

Thursday’s analyst upgrades and downgrades

"While agriculture is an essential industry, it will be challenged by: (1) volatile commodity prices (weak confidence ... Mr. Bazinet cut his target to US$195 from US$240. The average on the Street is ... read more

JPMorgan Sees Compelling Value in These 3 Stocks

To cut through the fog, banking giant J.P. Morgan ... other gene editing CRISPR-based platforms in that it can accurately target the DNA’s single base pair and edit the DNA letter without ... read more

Wall Street Analyst Boosts Fox To “Buy” In Rare Media Upgrade

While weaker ad spend, particularly in local markets ... the NFL season will be negatively impacted would likely weigh on investor sentiment. Morris still cut his 12-month price target on Fox to $29 ... read more

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