Software/Cloud to Lead a Strong Year-End Rally for Tech Stocks, Wedbush Sees Up To 10% Upside
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Facebook (FB) Downgraded to Neutral at Rosenblatt on Emerging Competition
September 1, 2021 8:04 AM EDTShares of Facebook (NASDAQ: FB) are down half a percent in pre-open Wednesday after Rosenblatt analyst Mark Zgutowicz downgraded to Neutral from Buy.
The analyst says emerging competition for digital ad dollars could hurt Facebook, especially in 2022.
We estimate ad revenue of its emerging competition will represent nearly 50% of CY22E digital ad industry growth, nearly double Facebook's '22E contribution and well above the +20% estimate level in '20-'21E on average, Zgutowicz said in a client note.
The analyst believes emerging Facebook... More
EXCLUSIVE - Amazon (AMZN) CEO unveils 55,000 tech jobs in first hiring push under his watch - Reuters News
September 1, 2021 7:54 AM EDTEXCLUSIVE - Amazon (NASDAQ: AMZN) CEO unveils 55,000 tech jobs in first hiring push under his watch - Reuters News
... MoreBofA Maintains Buy on Netflix (NFLX) as Rich Content Schedule Likely to Drive Subscriber Growth
August 31, 2021 6:04 AM EDTBofA analyst Nat Schindler has reiterated a Buy rating as highly-popular TV shows return to screens in Q3.
Schindler believes that TV shows like The Witcher, Money Heist, Cobra Kai, and Lucifer will help NFLX to attract more subscribers in Q2.
Looking ahead, we see Stranger Things S4 (S3: 64m), Ozark S4 (S3: 29m), and Bridgerton S2 (S1: 82m) as... More
