Wells Fargo: Amazon most favored long among mega-caps going into earnings

MoffettNathanson Reiterates Buy Rating on Alphabet (GOOGL)

MoffettNathanson analyst Michael Nathanson reiterated a Buy rating and $205.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We think that the market is making an error in two places. First, not all search activity is alike there are commercial searches... More

Rosenblatt Reiterates Neutral Rating on Alphabet (GOOGL)

Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $181.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We downgraded Alphabet to NEUTRAL on 6/28, seeing multiple areas of transition risk. 2Q24 eased concerns of transitional revenue risk from the ramp of AI... More

Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $211.00 price target on Alphabet (NASDAQ: GOOGL)

The analyst comments "We expect the market to have a muted reaction to Alphabets Q224 earnings report upon our first read/analysis of the results. In terms of upside, we would point to Search & Other revenue (against persistent investor fears of disruption and/or macroeconomic headwinds), Google Cloud revenue, Services Operating Income margin and... More

Amazon a top pick at Bernstein ahead of eCommerce earnings

As the eCommerce earnings season approaches, Bernstein has identified Amazon (NASDAQ: AMZN) as its top pick, citing the company's operational income (OI) inflection. Bernstein analysts emphasize the need for growth in the eCommerce sector, noting that while Amazon shows promise, other companies struggle to gain momentum.

"We've been here before," says Bernstein, reflecting on the familiar mixed data landscape for eCommerce. They note that US eCommerce grew approximately 7% year-over-year in... More

Wedbush says Google search strength continues, raises estimates ahead results

Alphabet (NASDAQ: GOOGL) is set to report its second-quarter 2024 results on Tuesday, July 23, and Wedbush analysts are optimistic about the company's performance.

"We think the setup remains positive heading into 2Q results," they noted, emphasizing strong indicators from their ad survey and agency feedback that suggest continued robustness in Google Search.

In light of this, Wedbush has increased its Google... More