U.S. DOJ poised to sue Google over online advertising dominance - Bloomberg
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BuzzFeed (BZFD) surges on content deal with Meta
January 26, 2023 7:31 AM ESTShares of BuzzFeed, Inc. (NASDAQ: BZFD) are up 31.51% in pre-market trading on Thursday after it was announced that Facebook parent company, Meta Platforms (NASDAQ: META), announced that the social media company will be paying BuzzFeed millions of dollars as part of an effort to bring more creators to the social-media giants platforms.
According to The... More
Meta Platforms Inc. (META) PT Raised to $180 at Credit Suisse, 'Replacing the Lost Ad Revenue'
January 25, 2023 4:47 AM ESTCredit Suisse analyst Stephen Ju raised the price target on Meta Platforms Inc. (NASDAQ: META) to $180.00 (from $145.00) while maintaining a Outperform rating.
The analyst comments "We have taken steps to explicitly incorporate Click-to-Message revenue for Messenger/WhatsApp following disclosure for annual revenue run rates ($9b in 3Q22, with $1.5b from WhatsApp). Along with the Reels annual revenue run rate disclosure at $3b, even if we are to straight-line revenue... More
Credit Suisse Comments on DOJ Civil Lawsuit Against Alphabet (GOOGL)
January 24, 2023 4:22 PM ESTCredit Suisse analyst Stephen Ju reiterated an Outperform rating and $128.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "This is a separate suit/matter versus the DOJs prior move to litigate Googles search business as a monopoly and focuses... More
Amazon (AMZN) to face challenges as COVID-fueled growth normalizes
January 24, 2023 10:08 AM ESTTelsey Advisory Group reiterated an Outperform rating on Amazon.com (NASDAQ: AMZN) but cut the price target on the e-commerce company to $125.00 (From $140.00) ahead of its 4Q22 earnings release scheduled for Thursday, February 2nd.
Telsey reduced their 4Q22 and 2023 outlook on the company to reflect a more challenging consumer and corporate spending environment. The company is facing headwinds in the form of a normalizing... More
