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Top Analysts Weigh in on Apple and Amazon's Earnings
  + stars: | 2024-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop Analysts Weigh in on Apple and Amazon's EarningsMizuho's Jordan Klein and TD Cowen's Andrew Sherman discuss the key takeaways, positive and negative, from Apple and Amazon's latest earnings, and highlight other tech names on their radar.
Persons: Jordan Klein, Cowen's Andrew Sherman Organizations: Apple
Datadog is a strong company at an attractive entry point following a recent pullback, according to TD Cowen. Analyst Andrew Sherman initiated coverage of the software stock at outperform. "Our checks were highly bullish and we think DDOG is in the best position to consolidate spend from other tools." At this point, he said the stock is at a highly attractive entry point, especially as investors begin to look to performance in 2025. DDOG .IXIC YTD mountain Datadog vs. the Nasdaq Composite, year to date — CNBC's Michael Bloom contributed to this report
Persons: TD Cowen, Andrew Sherman, Sherman, Datadog, Michael Bloom Organizations: Nasdaq
M&A deals involving large tech companies may get harder as US regulators ramp up scrutiny. If regulators increase scrutiny, it could deter other large tech companies from buying startups. More challenges to proposed tech M&A deals may also mean that the pool of potential acquirers shrinks. Of course, there are cases where a large tech company seeks to buy out a smaller, more innovative competitor because it is scared of getting displaced. ​​"There has to be the hope and dream of selling to a larger tech company some day," Sherman said.
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