UPDATE: Credit Suisse Reiterates On Google On Uneventful Quarter


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


In a report published Friday, Credit Suisse analyst Stephen Ju reiterated an Outperform rating on

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Google Inc (NASDAQ: GOOGL), but lowered the price target from $723.00 to $722.00.In the report, Credit Suisse noted, “We do not anticipate investor sentiment to shift on the heels of this result, but we highlight: 1) continued strength from Google's emerging L&O segment (Google Play), 2) Google O&O properties' CPC decline moderation (which should soon inflect positive), and 3) flattening capex. We view the decreased capex growth with ambivalence as we believe it is a bullish indicator of Google's need to keep up with user demand, but investors will likely cheer what looks like the first sign of a potential harvest cycle. Our investment thesis and Outperform rating remain unchanged, as we believe Google is set to benefit from the pricing convergence between mobile and desktop on the back of products such as Enhanced Campaigns, App Indexing, and cross-device attribution tools.”Google Inc closed on Thursday at $536.92.
Posted In: Analyst ColorPrice TargetAnalyst RatingsCredit SuisseStephen Ju