Stock market today: Dow closes higher as big tech rallies; Bank earnings eyed
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Evercore ISI on Apple (AAPL): 'Net/Net Apple should have more leverage over Google in future negotiations'
April 17, 2023 3:57 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "ALL YOU NEED TO KNOW: The NYT reported over the weekend that Samsung is considering replacing Google with Bing as the default search engine on their phones. The report is somewhat surprising given Samsung phones run on the Android operating system created by Google, but we think this event should... More
Roth/MKM on Alphabet (GOOGL): 'We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL)'
April 17, 2023 2:07 PM EDTRoth/MKM analyst Rohit Kulkarni reiterated a Buy rating and $126.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "We estimate Google pays approx. $28-31 to distributors in Traffic Acquisition Costs per year with Apple (AAPL, NC) accounting for >$20bn per year, and Samsung likely... More
