Market Overview

JPMorgan Waiting To See How Alphabet Can Compete With Apple In Consumer Products

JPMorgan Waiting To See How Alphabet Can Compete With Apple In Consumer Products
Related GOOG
Every Executive Who's Disappeared From Snap Since Its IPO
Why I'm So Attracted To Trading Cryptocurrencies
Baidu: The Value Of Being The Gatekeeper (Seeking Alpha)
Related GOOGL
Box Inc Is A Buy On Sustained Growth, Favorable Competitive Trends, Says DA Davidson
Q4 13F Roundup: How Buffett, Einhorn, Loeb, And Others Adjusted Their Portfolio
Can Walmart Or Alphabet Take On Amazon In India? (Seeking Alpha)
  • While Apple Inc. (NASDAQ: AAPL) shares have lost 5 percent since January 26, shares of Alphabet Inc (NASDAQ: GOOGL) have gained 3 percent.
  • JPMorgan’s Rod Hall maintained an Overweight rating for Apple, with a price target of $141.

Related Link: Alphabet's 'Other Bets' Category Lost $3.6 Billion Last Year, Grew Revenue 37-Fold Since 2013

Google announced Q4 capex of $2,100m, representing a 41 percent year-over-year decline and missing the JPMorgan estimate by 31 percent and the consensus expectation by 21 percent. Google added, however, that it expects to see accelerated investment in capex in 2016 in areas including cloud, fiber and consumer products and services.

While Google had not been made “much headway” against Apple in the marketplace, it would be interesting to observe what Google may be planning to do on the consumer products side, Hall mentioned. He added, “Note that we believe that Google paused data center spend in late 2015 in part to wait for 100G networking technology on Broadcom’s Tomahawk chipset.”

Shares of Alphabet were trading up more than 5 percent at $811.53 in Tuesday's pre-market session. The company is set to officially pass Apple as the market's most valuable company once the opening bell rings.

Latest Ratings for GOOG

Feb 2018PiperJaffrayMaintainsOverweightOverweight
Oct 2017UBSMaintainsBuy
Oct 2017OppenheimerMaintainsOutperform

View More Analyst Ratings for GOOG
View the Latest Analyst Ratings

Posted-In: JPMorgan Rod HallAnalyst Color Long Ideas Reiteration Analyst Ratings Tech Trading Ideas Best of Benzinga


Related Articles (AAPL + GOOG)

View Comments and Join the Discussion!