Gap's holiday season outlook, Alibaba slips in Hong Kong - what's moving markets

Alphabet (GOOGL) PT Raised to $176 at Tigress Financial Partners

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Alphabet (NASDAQ: GOOGL) to $176.00 while maintaining a Strong Buy rating.

The analyst comments "

We reiterate our Strong Buy rating on GOOGL and increase our 12-month target price to $176 as Search and Advertising revenue will continue to see a reacceleration of growth, and the ongoing integration of AI functionality will continue to drive its leadership position across all key technology trends and business lines. GOOGL should see a significant reacceleration of revenue growth in Q4 of this year and accelerate further in 2024... More

Evercore ISI says Google has a stronger case in DoJ trial

Evercore ISI analysts provided their thoughts on what they learned from the Alphabet (NASDAQ: GOOGL)/DOJ trial in a note Tuesday.

The evidentiary portion of the Google vs DOJ legal battle has concluded and, Evercore said that while much of the evidence and testimony was behind closed doors, "there were some interesting details disclosed during the public part of the trial."

During the trial, It was... More

KeyBanc's latest survey data reflects slowing Apple (AAPL) iPhone 15 demand

KeyBanc analysts said Tuesday that their latest Apple (NASDAQ: AAPL) iPhone carrier survey results reflect slowing iPhone 15 demand.

The firm said in a research note that the October carrier survey reveals slowing iPhone 15 sell-through, as demand for the iPhone 15/Plus has slowed meaningfully,... More

Amazon (AMZN) to cut 'several hundred' employees in Alexa unit due to 'shifting' priorities - Reuters

Amazon (NASDAQ: AMZN) is said to be cutting some roles at Alexa, its voice assistant unit, Reuters said in a report Friday.

Citing an email it has seen, Reuters said the move is in response to "shifting" business priorities and the tech giant's increased... More

Roth/MKM on Walmart (WMT), 'Right Retailer For Uncertain Times'

Roth/MKM analyst Bill Kirk reiterated a Buy rating and $179.00 price target on Walmart (NYSE: WMT)

The analyst comments "Walmart is nearing an unprecedented inflection: advertising revenue is about to cross advertising expenses (FY'24 ROTH MKMe $3.6bn ad revenue vs. $4.3bn). This highlights the... More

BofA Positive on Walmart (WMT): 'We see cont'd gross margin expansion for WMT in F4Q'

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Walmart (NYSE: WMT)

The analyst comments "We see cont'd gross margin expansion for WMT in F4Q as increasing contributions from higher-margin profit streams (digital advertising, 3P marketplace & fulfillment... More

Gap, Inc. (GPS) PT Raised to $20 at Wells Fargo on Beat; 'The Story Has Legs'

Wells Fargo analyst Ike Boruchow raised the price target on Gap, Inc. (NYSE: GPS) to $20.00 (from $16.00) while maintaining an Overweight rating following the "material" EPS beat as Old Navy comps turn positive.

The analyst commented, "Even with a very high bar, GPS... More