Alphabet: Jefferies more cautious - but still a buyer
(CercleFinance.com) - An analyst at Jefferies confirmed his "buy" rating on the stock of Alphabet, Google's parent company, despite adopting a slightly more cautious stance regarding the US tech giant's outlook.
"[Alphabet] is underperforming (...). many concerns, including: recent slowdown in ad rev growth, competitive losses to AMZN and FB, newer initiatives that come with lower margin than core advertising... and heightened regulatory overhang" Jefferies says.
However, the broker still confirms its target price of 1,500 dollars, against the share's current price of around 1,180 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"[Alphabet] is underperforming (...). many concerns, including: recent slowdown in ad rev growth, competitive losses to AMZN and FB, newer initiatives that come with lower margin than core advertising... and heightened regulatory overhang" Jefferies says.
However, the broker still confirms its target price of 1,500 dollars, against the share's current price of around 1,180 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.