Alphabet, Meta, Pinterest, And Snap Shares Catch Attention As New Coverage Initiated By Analysts
Portfolio Pulse from AJ Fabino
Wells Fargo analyst Ken Gawrelski initiated coverage on Alphabet, Meta, Pinterest, and Snap, giving them Equal Weight ratings with price targets of $117, $276, $23, and $10, respectively. The analyst's focus is on the transition to AI-powered conversational search and potential market shifts in the large cap internet sector.
June 08, 2023 | 5:45 pm
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NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Alphabet with an Equal Weight rating and a $117 price target, focusing on the transition to AI-powered conversational search.
The initiation of coverage by Wells Fargo is a neutral event for Alphabet's stock price. The focus on AI-powered conversational search and potential market shifts in the large cap internet sector may bring attention to the stock, but the Equal Weight rating suggests a balanced risk-reward profile.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Alphabet with an Equal Weight rating and a $117 price target, focusing on the transition to AI-powered conversational search.
The initiation of coverage by Wells Fargo is a neutral event for Alphabet's stock price. The focus on AI-powered conversational search and potential market shifts in the large cap internet sector may bring attention to the stock, but the Equal Weight rating suggests a balanced risk-reward profile.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Meta with an Equal Weight rating and a $276 price target, noting near-term optimism around advertising acceleration and Advantage+ adoption.
The initiation of coverage by Wells Fargo is a neutral event for Meta's stock price. The analyst's focus on advertising acceleration and Advantage+ adoption may bring attention to the stock, but the Equal Weight rating suggests a balanced risk-reward profile.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Pinterest with an Equal Weight rating and a $23 price target, expecting the company to navigate similar market shifts as other large cap internet companies.
The initiation of coverage by Wells Fargo is a neutral event for Pinterest's stock price. The expectation that the company will navigate similar market shifts as other large cap internet companies may bring attention to the stock, but the Equal Weight rating suggests a balanced risk-reward profile.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst initiated coverage on Snap with an Equal Weight rating and a $10 price target, expecting the company to navigate similar market shifts as other large cap internet companies.
The initiation of coverage by Wells Fargo is a neutral event for Snap's stock price. The expectation that the company will navigate similar market shifts as other large cap internet companies may bring attention to the stock, but the Equal Weight rating suggests a balanced risk-reward profile.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100