UBS downgrades Alphabet stock, sees better risk-reward in Meta and Amazon

Amazon (AMZN) price target raised at Needham & Company following AppFabric launch

Needham & Company raised its price target for Amazon (NASDAQ: AMZN) to $150 from $120, maintaining a Buy rating after the tech giant's loud subsidiary, AWS, hosted an all-day AppFabric product launch.

Analyst Laura Martin explained that AppFabric is a new no-code AWS service that facilitates the integration of SaaS apps.

"Our... More

BofA doesn't expect Meta Platforms' Quest+ to provide revenue impact over next few years

On Monday, Facebook owner Meta Platforms (NASDAQ: META) launched a virtual reality (VR) subscription service for its Quest headsets.

As it tries to make its VR headset business profitable, the company said users can pay $7.99 a month or $59.99 for an annual subscription and receive access to two new games a month. The... More

Citi says Meta Platforms' (META) Instagram engagement and monetization are improving

Citi raised its price target for Meta Platforms (NASDAQ: META) to $360 from $315 in a note Tuesday, with analyst Ronald Josey maintaining a Buy rating on the stock.

Josey told investors that Instagram engagement and monetization are improving, while Reels ad loads have reached 17%... More

Alphabet (GOOGL) stock earns 2nd downgrade in two days as Bernstein cuts on 'fair valuation'

Bernstein analyst Mark Schmulik downgraded shares of Alphabet (NASDAQ: GOOGL) to Marketperform from Outperform with a $125 per share price target.

To many investors (and sell-siders), Google's stock is akin to a warm hug, Schmulik said in a downgrade note.

The analyst flags a... More

AI not just hype, BofA sees strong LLM adoption

BofA analyst Justin Post maintained a Buy rating and $128 price target on Alphabet (NASDAQ: GOOGL) in a note Monday, stating AI is not just hype, and their user survey suggests strong LLM adoption.

Post said that ChatGPT usage is strong among... More

Meta Platforms (META) stock target raised at UBS as GenAI potential still not priced in

UBS analyst Lloyd Walmsley raised the price target on Meta Platforms (NASDAQ: META) to $335 per share from the prior $300, while maintaining a Buy rating and a Top Idea designation.

Generative AI technology is seen as the next key growth driver with Walmsley fully... More

BofA Securities Maintains Alphabet (GOOGL) at Buy; 'AI is not just hype, user survey suggests strong LLM adoption'

(Updated - June 26, 2023 5:35 AM EDT)

BofA Securities analyst Justin Post reinstates coverage on Alphabet (NASDAQ: GOOGL) with a Buy rating and a price target of $128.00 after conducting a user survey on conversational AI tools of more than 1,100 U.S. Internet... More