Baird's Colin Sebastian added Alphabet GOOG to Baird's focus list, maintaining the company's Outperform rating and $860.00 price target.
Sebastian believed Alphabet's expectations were "more achievable relative to mega-cap peers" such as Facebook FB and Amazon AMZN.
Further notable catalysts were:
Market News and Data brought to you by Benzinga APIs- Continued revenue outperformance "as comps toughen in 2H16"
- "Better optics around Cloud growth trajectory/momentum"
- Increasing Mobile monetization opportunities from recent tweaks to ad formats
- "CEO Ruth Porat may be exiting her honeymoon period [which] could provide a better set-up for the balance of the year."
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