Market Overview

Deutsche Bank Loves Google, Twitter And Amazon Ahead Of Earnings

Share:
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 (NASDAQ: GOOG) (NASDAQ: 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 (NYSE: 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. (NASDAQ: 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."

Latest Ratings for GOOG

DateFirmActionFromTo
May 2019MaintainsBuy
Feb 2019MaintainsOverweightOverweight
Feb 2019MaintainsBuyBuy

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: Deepak Mathivanan Kevin LaBuzz Lloyd Walmsley Ross SandlerAnalyst Color Previews Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (AMZN + GOOG)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ELMDDougherty & Co.Initiates Coverage On12.0
MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
SONVertical GroupUpgrades
UNPMorgan StanleyMaintains136.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

BofA: We're Upgrading Biocryst Pharmaceuticals

Nobilis Acquires Houston Medical Center Located Hospital