Google Upgraded Ahead Of Earnings

marketbeat2022-04-21

Rangebound Google Gets An UpgradeAlphabet (NASDAQ: GOOG), despite the rangebound nature of trading in 2022, is one of the most heavily upgraded stocks coming into the Q1 earnings season. The company ...

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Comments

来人
2022-04-21
来人
Nice
haoren
2022-04-21
haoren
Nice
Steven Tay
2022-04-21
Steven Tay
Ok
Zivcheah
2022-04-21
Zivcheah
O
Henryee18
2022-04-21
Henryee18
What would you all think?
Prost
2022-04-21
Prost
Great

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The company ...</p>\n\n<a href=\"https://www.marketbeat.com/originals/google-upgraded-ahead-of-earnings/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOG","symbol_name":"谷歌","start_time":0,"source_url":"https://www.marketbeat.com/originals/google-upgraded-ahead-of-earnings/","article_id":"1180266415","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1180266415","pubTimestamp":1650533167,"sourceInfo":null,"weMediaInfo":null,"summary":"Rangebound Google Gets An UpgradeAlphabet (NASDAQ: GOOG), despite the rangebound nature of trading i","collect":0,"end_time":0,"defaultTopTitle":"marketbeat.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"translate_title":"谷歌在盈利前升级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOG":0.9,"GOOGL":0.9},"content_text":"Rangebound Google Gets An UpgradeAlphabet (NASDAQ: GOOG), despite the rangebound nature of trading in 2022, is one of the most heavily upgraded stocks coming into the Q1 earnings season. The company has received at least 12 major upgrades and/or price target increases in the time since the last earnings report and it received quite a few immediately after that event as well. The latest comes from Citigroup which upped the rating to a Buy from Neutral with a price target of $3,500. That target is just above the Marketbeat.com consensus figure which assumes about 35% of upside but is a far cry short of the high price target of $4,183. If the Q1 results are better than expected we see the consensus target extending its upward trend and leading the stock higher.Conversely, analysts Justin Patterson at Keybanclowered his price target to the Wall Street low on concerns over the valuation. In his view, the stock may warrant a lower earnings multiple although the 22X it trades at now is in line with the S&P 500 average. 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In his view, the Russia/Ukraine conflict has far-reaching repercussions that could lead to a combination of weak ad-spend and user engagement.\"We believe online advt. companies are facing four incremental macro headwinds: (1) direct impact of the Russia/Ukraine war; (2) indirect impact and potential contagion from the war into Europe; (3) soft brand ad spend, particularly around geopolitical content; and (4) likely impact from soft consumer spending in Europe, driven by inflation and higher oil prices,\" Kulkarni says.Institutional Interest Is ShakyAs bullish as the outlook for share prices is, the institutional interest in Alphabet is shaky at best. According to Marketbeat.com data, the institutions own about 65% of the company compared to higher numbers for most other FAANG names and their activity is more rotational than bullish. The institutions have been net buyers for 4 of the last 5 quarters including Q1 2022 but have only picked up about 1.25% of the market cap in that time. 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