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Can Microsoft and Alphabet earnings trigger a relief for tech stocks? cmcmarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cmcmarkets.com Daily Mail and Mail on Sunday newspapers.
Alphabet (GOOGL) Shares Down 3%, YouTube Q1 2022 Revenue Fell Short of Projections coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Apple ( AAPL) - Get Report had its price target cut to $156 from $164 a share by a Morgan Stanley analyst who also raised her services revenue estimate for the technology giant. Analyst Katy Huberty said in a research note that the price target cut reflected lower multiples being granted to several of Apple s peers, but maintained her overweight rating. Shares of the Cupertino, Calif. company were up 0.47% to $126.22 in morning trading Tuesday. Huberty also said she was raising her Apple Services revenue forecast to account for accelerating Google TAC-related revenue growth (TAC refers to Traffic Acquisition Cost, or ad revenue-sharing payments to partners). She noted that strong App Store revenue of 28% in F2Q was in-line with our forecast. ....