Alphabet (GOOGL): BofA Is Cautious Ahead Of Earnings
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Rating Summary:
35 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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BofA/Merrill Lynch analyst, Justin Post, reiterated his Buy rating on shares of Google (NASDAQ: GOOGL) but seems to be getting cautious on short term results. The analyst believes the sentiment is mixed since some early channel checks suggested a modest slowdown in growth. This seems likely given the Leap Year and Easter shift benefit in 1Q. The Street has concerns on tougher growth and margin comps in 3Q. YouTube or Yahoo search could be a positive surprise driver in 2Q, but are likely to be a smaller benefit to gross margins. Concerns over a top-line slowdown in 3Q could grow, and a particularly attractive time to own stock could be ahead of 3Q results in October.
No change to the price target of $925.00
For an analyst ratings summary and ratings history on Google click here. For more ratings news on Google click here.
Shares of Google closed at $757.52 yesterday.
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