Barclays on U.S. Internet: Initiating with Positive Rating: As Time Spent Online Grows, So Will the Dollars
Tweet
Share
E-mailGet Alerts GOOG Hot Sheet
Price: $338.20 -1.02%
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
44 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Barclays on U.S. Internet: Initiating with Positive Rating: As Time Spent Online Grows, So Will the Dollars
Barclays analyst said, "We initiate coverage of the Internet sector with a Positive rating, as we believe the proliferation of smarter mobile devices and higher bandwidth speeds are likely to drive a step-function of growth in Internet usage over the next five years, with monetization trends likely to follow. Our broader views on media & entertainment reinforce the notion that advertising and subscription revenues are likely to shift towards digital media companies over time. We initiate coverage of Google (Nasdaq: GOOG) and NetFlix (Nasdaq: NFLX) with Overweight ratings, and Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY), and Yahoo! (Nasdaq: YHOO) with Equal Weight ratings."
"Top Picks Are GOOG and NFLX. In light of these trends, we recommend shifting core holdings towards digital media/Internet stocks. Within Internet advertising, we prefer GOOG (OW) to YHOO (EW); we believe display growth (YouTube), mobile search, and international search are all key drivers of the surprisingly inexpensive GOOG. Within online commerce, while we are constructive on AMZN fundamentals, margin trends and extended valuation give us pause on the stock near term. We rate NFLX Overweight as we think the market underestimates the�benefits to NFLX from trends in connected device growth, mobile growth, faster�bandwidth speeds, and international expansion."
Barclays analyst said, "We initiate coverage of the Internet sector with a Positive rating, as we believe the proliferation of smarter mobile devices and higher bandwidth speeds are likely to drive a step-function of growth in Internet usage over the next five years, with monetization trends likely to follow. Our broader views on media & entertainment reinforce the notion that advertising and subscription revenues are likely to shift towards digital media companies over time. We initiate coverage of Google (Nasdaq: GOOG) and NetFlix (Nasdaq: NFLX) with Overweight ratings, and Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY), and Yahoo! (Nasdaq: YHOO) with Equal Weight ratings."
"Top Picks Are GOOG and NFLX. In light of these trends, we recommend shifting core holdings towards digital media/Internet stocks. Within Internet advertising, we prefer GOOG (OW) to YHOO (EW); we believe display growth (YouTube), mobile search, and international search are all key drivers of the surprisingly inexpensive GOOG. Within online commerce, while we are constructive on AMZN fundamentals, margin trends and extended valuation give us pause on the stock near term. We rate NFLX Overweight as we think the market underestimates the�benefits to NFLX from trends in connected device growth, mobile growth, faster�bandwidth speeds, and international expansion."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Raymond James Starts Southern California Bancorp (BCAL) at Outperform
- Seaport Global Securities Upgrades Analog Devices (ADI) to Buy, 'appears to be entering the sweet part of the cycle'
- Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
