A “More Frugal Google”: Stadia’s Demise Isn’t All That Bad for Alphabet
White, a known Google bull, unsurprisingly reinforced his Buy rating on the stock with a price target of $145.Wall Street consensus is also bullish on Alphabet stock, with a Strong Buy rating based on 30 Buys and two Holds. The average price target for GOOGL stock is currently $142.63.Bottom-line: Overall, Alphabet Can Beat the OddsGoogle’s dominant position in search and digital advertising is positive. Moreover, rapid digital transformation across industries and the shift of workloads to the c
Over the mid term,Alibaba’s share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened.During the period, Alibaba’s forecast for adj EPS in FY2024 has been cut by 4%, yet the share price has dropped by 34%.Moving forward, how can this be corrected?