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☆ Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
  + stars: | 2023-02-03 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Its stock was hit harder than peers Apple and Alphabet , which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Similarly, despite Alphabet's misses, analysts are bullish on its prospects for artificial intelligence and highlighted its strong core business. WATCH: Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet
☆ Your earnings investing playbook for the big Apple, Amazon and Alphabet results after the bell
  + stars: | 2023-02-02 | by ( Jesse Pound | ) www.cnbc.com   time to read: +6 min
Thursday is a massive day for tech investors, as Amazon , Apple and Google-parent Alphabet are all set to report fourth-quarter earnings after the market close. Here are some key stats about Amazon's earnings report: Over the past three months, earnings estimates have fallen from nearly 22 cents per share to about 17, according to FactSet. Here are some key stats about Apple's earnings report: Over the past three months, earnings estimates have dropped from about $2 per share to roughly $1.94, according to FactSet. Alphabet Alphabet's earnings report could provide investors a clear window into the tech industry more broadly, given the company's reliance on search advertising and cloud computing. Here are some key stats about Alphabet's earnings report: Over the past three months, earnings estimates have declined by about 2 cents per share to roughly $1.18, according to FactSet.
☆ Bank of America names the tech stocks set to benefit from a driverless car boom
  + stars: | 2022-12-15 | by ( Zavier Ong | ) www.cnbc.com   time to read: +2 min
Once considered the stuff of science fiction, Bank of America says self-driving cars now have "real-world visibility." The bank said it expects 2.2 million autonomous vehicles to be on the roads by 2028, citing research by consultancy firm Berg Insights. Internet companies Bank of America said this ramp-up in autonomous vehicles has "broad implications" for internet companies. The bank added that getting the cost of autonomous vehicles down to the level of conventional autos will be key to their transition. Bank of America has a price target of $43 on Uber, giving the stock potential upside of 59.3%.
☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
  + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.
☆ Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Meta 's third-quarter results have Wall Street analysts split on the struggling tech stock. Morgan Stanley's Brian Nowak downgraded shares of Meta to equal weight from overweight after the results , and slashed its price target to $105 from $205. Cowen's John Blackledge downgraded Meta to market perform from outperform, and lowered his price target to $135 from $205 prior, citing the higher opex and capex trajectory. JPMorgan's Doug Anmuth slashed his Meta price target to $115 per share from $180, noting that it's unclear when the Facebook parent will see a return on its big metaverse and AI investments. Meanwhile, AllianceBernstein's Mark Shmulik, who maintained an outperform rating while lowering the price target to $135 from $195, said the "shocking cost guidance overshadows reasonable core."
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