Apple, Twitter, Amazon among those getting the neutral treatment from Rosenblatt

seekingalpha2022-04-19

Nikada/iStock Unreleased via Getty Images With apologies to Billy Joel, Rosenblatt Securities analyst Barton Crockett must of woken up on Tuesday in a neutral state of mind. That's because Crockett ...

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aaronh
2022-04-20
aaronh
[smile]
NPC69
2022-04-19
NPC69
K

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That's because Crockett ...</p>\n\n<a href=\"https://seekingalpha.com/news/3824312-apple-twitter-amazon-among-those-getting-the-neutral-treatment-from-rosenblatt\">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":"BK4524","symbol_name":"宅经济概念","start_time":0,"source_url":"https://seekingalpha.com/news/3824312-apple-twitter-amazon-among-those-getting-the-neutral-treatment-from-rosenblatt","article_id":"2228997822","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2228997822","pubTimestamp":1650381769,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Nikada/iStock Unreleased via Getty Images  With apologies to Billy Joel, Rosenblatt Securities analy","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4538":"云计算","AMZN":"亚马逊","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4575":"芯片概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4534":"瑞士信贷持仓","BK4571":"数字音乐概念","BK4566":"资本集团","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","AAPL":"苹果"},"translate_title":"苹果、推特、亚马逊等获得罗森布拉特中立待遇的国家","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"AAPL":1},"content_text":"Nikada/iStock Unreleased via Getty Images  With apologies to Billy Joel, Rosenblatt Securities analyst Barton Crockett must of woken up on Tuesday in a neutral state of mind. That's because Crockett initiated covered on a raft of big-name tech companies, including Apple (NASDAQ:AAPL), Twitter (NYSE:TWTR) and Amazon (NASDAQ:AMZN) with neutral ratings based on a handful of industry and company-specific reasons. Crockett set a price target of $184 a share on Apple's (AAPL) stock in addition to setting his neutral rating on the company's shares. Crockett said that while Apple (AAPL) saw its Mac and iPad businesses get a boost due to the Covid-19 pandemic, and the company had a strong new iPhone release last year, it is facing new obstacles coming from China, where many of its products are made. Crockett said recent Covid-related lockdown in China \"appear unlikely to fully abate any time soon,\" and that the situation has an impact on both Apple's (AAPL) supply lines and product demand. \"This, to me, looks like loose threads on Superman's cape,\" Crockett said. For Twitter (TWTR), Crockett set a $48-a-share target price on the company's stock as the social-media giant battles with Tesla (TSLA) Chief Executive Elon Musk, who has made an unsolicited bid to acquire Twitter (TWTR) for the equivalent of about $43 billion. Crockett said Twitter's (TWTR) will likely view Musk's offer \"with horror,\" and that Musk will probably have to boost his offer if he wants it to succeed. With his neutral rating and $3,000-a-share price target on Amazon (AMZN), Crockett took a critical view of the company's online retail business. Crockett said that Amazon Web Services remains strong, but he is \"unconvinced\" that the retail side of Amazon's (AMZN) business will pick up soon after stalling at the end of 2001. \"Amazon's rivals have upped their retail game considerably with click [and] brick features consumers like, and Amazon can't match with its small store footprint,\" Crockett said. The other companies that Crockett gave neutral ratings to included Pinterest (PINS), with a $21-a-share price target; Spotify (SPOT), which got a target price of $150 a share; Comcast (CMCSA), and its $51-a-share price target; Paramount Global (PARA), with a $29-a-share price target, and Netflix (NASDAQ:NFLX), to which he assigned a price target of $354 a share. Netflix (NFLX) will be in the spotlight after Tuesday's market close, as the streaming TV kingpin is set to deliver its first-quarter results. 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