U.S. Stocks Mixed as Big Tech Outlooks Spark Growth Fears

Evercore ISI Removes Apple (AAPL) From tactical Outperform List Following Strong Earnings

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "We are removing Apple from our tactical outperform list as our key catalyst was the Sept-qtr earnings that were reported last night. AAPL reported Sept-qtr results of $90.15B/$1.29 (vs. street at $88.7B/ $1.27) with topline growth of 8% despite nearly ~600bps of f/x headwind. Notably, iPhone growth was robust at 10% (though ~100bps below street... More

Amazon.com (AMZN) PT Lowered to $125 at Benchmark

Benchmark analyst Daniel Kurnos lowered the price target on Amazon.com (NASDAQ: AMZN) to $125.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "Shares of Amazon (AMZN: Buy, PT from $160 to $125) initially plunged over 20% after hours following a largely in-line 3Q print but a shocking 4Q holiday revenue guide. Despite all the recent optimism from credit card companies, the travel sector and early... More

RBC Capital First Take on Amazon.com (AMZN) Q3 2022 Earnings

RBC Capital analyst Brad Erickson reiterated an Outperform rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "AMZN reported Q3 revenue in-line with the Street ($127.1B vs. Street at $127.4BE) and EPS above (+$0.28 vs. Street at +$0.22E) but... More

Alphabet (GOOGL) Acquires AI Avatar Firm Alter - TechCrunch

Alphabet's (NASDAQ: GOOGL) Google has acquired artificial intelligence avatar startup Alter, for approximately $100 million, according to a report by TechCrunch on Thursday.

TechCrunch said sources informed them of the deal, with Google aiming to boost its content and better compete with... More

Goldman Comments on Meta Platforms (META) Q3 2022 Earnings

Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More

JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings

JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More

Spotify (SPOT) PT Lowered to $140 at Citi

Citi analyst Jason Bazinet lowered the price target on Spotify (NYSE: SPOT) to $140.00 (from $145.00) while maintaining a Buy rating.

Microsoft (MSFT) PT Lowered to $285 at Rosenblatt

Rosenblatt analyst Blair Abernethy lowered the price target on Microsoft (NASDAQ: MSFT) to $285.00 (from $300.00) while maintaining a Buy rating following earnings.

The analyst commented, "After market on Tuesday, Microsoft reported Q1 results, with revenue of $50.1b, ~1% above consensus and our estimates. Microsoft... More