Deutsche Bank Loves Google, Twitter And Amazon Ahead Of Earnings

Deutsche Bank on Monday issued company reports on key players in the technology industry ahead of their expected earnings announcements.

Google Inc GOOG GOOGL: Buy rated, $625 price target

Ross Sandler and LLoyd Walmsley wrote, "Sentiment around Google continues to grind lower in the face of short term noise around paid click deceleration, FX, margin and CF degradation concerns among other medium term issues like EU regulatory. We take a slightly different view on things, namely that Google is undergoing a changing of the guards‛ among senior management similar to when Larry Page took over in 2011, which typically means better/faster execution looking ahead...In summary, we continue to see 5 percent downside and 40 percent + upside from current levels, and Google remains our top large cap idea."

Twitter Inc TWTR: Buy rated, $65 price target

Sandler and Deepak Mathivan wrote, " ...we think there are a number of catalysts to come in 2015, including: benefits from recent feature like Instant Timeline and Video, the Google traffic flowing to Twitter starting in 2H, and Periscope…Our checks have been solid all quarter around improving monetization trends...Twitter remains one of our top ideas, we would add to positions here."

Related Link: Wall Street Is Watching The News At These 3 Internet Giants

Amazon.com, Inc. AMZN: Buy rated, $410 price target

Sandler and Kevin LaBuz wrote, "AMZN's mean reversion over the past three months has been nothing short of staggering among mega cap internet. Stepping back from 1Q, the company is signaling that 2015 could be one of those classic AMZN temporary pul back the heavy investment‛ modes, which should allow estimates to revise higher...We came away from the AWS (Amazon Web Services) Summit feeling bullish on the pace of growth, innovation and developer adoption at the business. The new production introductions were well received and reinforce the business's positioning in the market."