These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
• GOOGL-Nasdaq
Outperform • Price $157.73 on April 12
by Wedbush
We think the near-term setup for Alphabet is the most attractive within our digital advertising coverage. Shares have underperformed peers, with the stock appreciating 5% since the company last reported earnings, on Jan. 30, lagging behind
+31% over the same period, and the broader
index, +6%. [Alphabet is due to report first-quarter earnings on April 25.]
We think the market hasn’t fully…