'We Stay The Course On Meta And Amazon': Analysts Preview Tech Earnings
Portfolio Pulse from Neil Dennis
RBC Capital Markets analysts favor Amazon (AMZN) and Meta Platforms (META) ahead of tech earnings reports, maintaining outperform ratings and price targets of $180 for AMZN and $400 for META. They expect AMZN to beat Q4 expectations with revenue growth and are looking for acceleration in AWS, despite concerns about Microsoft's market share. META is also expected to surpass earnings expectations with its Advantage+ offering driving growth. Alphabet (GOOGL) is anticipated to slightly miss Q4 earnings expectations but may benefit from YouTube, Cloud, and margins in 2024. Match Group (MTCH) is predicted to miss earnings expectations, with Hinge's performance potentially offsetting challenges from Tinder.
January 29, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RBC Capital maintains an outperform rating on Amazon with a $180 price target, expecting a Q4 earnings beat with significant revenue growth and AWS acceleration.
RBC Capital's positive outlook and expectations for Amazon to beat market expectations could lead to increased investor confidence and a potential short-term stock price increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
RBC Capital holds an outperform rating on Meta Platforms with a $400 price target, expecting the company to outperform Q4 earnings expectations, driven by its Advantage+ offering.
The anticipation of Meta Platforms beating earnings expectations, particularly due to the Advantage+ offering, suggests a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
RBC Capital expects Alphabet to slightly miss Q4 earnings expectations but sees potential in YouTube, Cloud, and overall margins for 2024.
Alphabet's expected slight miss on Q4 earnings may not significantly impact the stock price in the short term, especially with potential upsides from other segments.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
RBC Capital anticipates Match Group to miss Q4 earnings expectations, with Hinge's performance potentially offsetting Tinder's challenges.
Match Group's expected earnings miss could negatively affect investor sentiment and the stock price in the short term, despite Hinge's positive contribution.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 80