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Barclays Starts Google, Netflix at Overweight, Amazon, Yahoo!, eBay at Equalweight (GOOG) (NFLX) (AMZN) (YHOO) (EBAY)

June 1, 2011 7:48 AM EDT Send to a Friend
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An analyst at Barclays started coverage on the US Internet sector with a Positive rating as smarter mobile devices and increasingly higher bandwidth speeds could drive a "step-function of growth" moving forward, with monetization to follow.

The firm feels advertising and subscription sales will continue to shift toward digital-media companies as ad spending "follows the eyeballs."

Barclays initiated coverage on the following stocks:
  • Google (Nasdaq: GOOG) with an Overweight rating and a $675 price target
  • Netflix (Nasdaq: NFLX) with an Overweight rating and a $315 price target
  • Amazon.com (Nasdaq: AMZN) with an Equalweight and a $225 price target
  • Yahoo! (Nasdaq: YHOO) with an Equalweight and a $19 price target
  • eBay (Nasdaq: EBAY) with an Equalweight and a $36 price target
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