Date: 2020-04-29
Closing price: 67.10900115966797
Headlines: Analysts Applaud Alphabet Earnings: 'An Incredible Advertising Business'. 82 Stocks Moving In Wednesday's Mid-Day Session. SunTrust Robinson Humphrey Maintains Buy on Alphabet, Raises Price Target to $1550. B of A Securities Maintains Buy on Alphabet, Raises Price Target to $1420. UPDATE: Mizuho On Alphabet Notes 'Despite the slowdown, we are encouraged by strong underlying usage of YouTube and its continued path to gain share against TV advertising, affirming our LT thesis'. UPDATE: Mizuho Maintains Buy On Alphabet, Raises Target To $1560 Notes 'Although advertising business came under pressure in March and April, trends were modestly better than expectations'. Mizuho Maintains Buy on Alphabet, Raises Price Target to $1560. UPDATE: Morgan Stanley On Alphabet Notes 'But EBIT still falls (higher deleverage) which shows how outperformance from here likely to require a confirmed turn in ad trends'. UPDATE: Morgan Stanley Maintains Overweight On Alphabet, Raises Target To $1,400 Notes 'Ad declines are likely to be somewhat less severe than expected and GOOGL is focused on efficiency/innovation to emerge stronger post downturn'. UPDATE: Nomura On Alphabet Notes 'and management noted the first two months of the quarter were strong followed by a significant slowdown in advertising revenue in March (consistent with SNAP's commentary last week'. UPDATE: Nomura Maintains Buy On Alphabet, Raises Tgt To $1,700 Notes Co. 'reported relatively solid results led by an acceleration at YouTube and continued Cloud momentum. Total advertising revenue growth slowed to +10% YoY, but was better than expected'. Morning Market Stats in 5 Minutes. UPDATE: JP Morgan Maintains Overweight On Alphabet, Raises Target To $1,505 Notes '2QTD Sigh of Relief, w/Slight Early Search Uptick;More Importantly, GOOGL Should Come Out Stronger'. Barclays Maintains Overweight on Alphabet, Raises Price Target to $1400. BMO Capital Maintains Outperform on Alphabet, Raises Price Target to $1550. Alphabet, Boeing Shares Get A Lift Following Earnings, While GE Falls Short. Stifel Maintains Buy on Alphabet, Raises Price Target to $1400. RBC Capital Maintains Outperform on Alphabet, Raises Price Target to $1500. 10 Biggest Price Target Changes For Wednesday. MKM Partners Reiterates Buy on Alphabet, Raises Price Target to $1500. Alphabet Shares Rise During Earnings Call As Q1 Advertising Revenue Better Than Expected. Loup Ventures' Munster On Alphabet's Q1: 'Hats Off To Them' For Ad Performance. Morgan Stanley Maintains Overweight on Alphabet, Raises Price Target to $1400. 11 Communication Services Stocks Moving In Wednesday's Pre-Market Session. Alphabet shares are trading higher after the company reported better-than-expected Q1 sales results. Several firms also maintained their bullish ratings on the company's stock following its Q1 earnings results.. 35 Stocks Moving in Wednesday's Pre-Market Session. Credit Suisse Maintains Outperform on Alphabet, Raises Price Target to $1600. Nomura Instinet Maintains Buy on Alphabet, Raises Price Target to $1700. JP Morgan Maintains Overweight on Alphabet, Raises Price Target to $1505. A Peek Into The Markets: US Stock Futures Rise Ahead Of Earnings, Fed Decision. Apple Adds Coronavirus Testing Sites To Maps In US. YouTube Extends Fact Checking To The US To Combat Fake Coronavirus Information. 10 Stocks To Watch For April 29, 2020. Zoom Uses Oracle's Cloud Computing Services To Handle Demand Surge During Pandemic