Monness Crespi Hardt Initiates Coverage On Internet Giants

On Monday, analysts at Monness Crespi Hardt initiated coverage on four large-cap internet stocks:

Amazon Inc. AMZN Neutral rating; $320 price target.
Facebook FB Buy rating; $95 price target.
Google Inc. GOOGL Neutral rating; $605 price target.
Ebay Inc. EBAY Buy rating;

James Cakmak stated, “ We see Amazon and Google as incumbent champions with massive cash war chests, but confronted with new challengers, while Facebook is in the early innings on multiple fronts. For eBay, the story is more mixed given the growth profiles of its two assets, but an attractive one when evaluating the opportunities post spin. Ultimately, we find the competitive landscape rapidly changing.”