Meta Vs. Alphabet: Meta Accelerates On AI While Google Has Revenue, Earnings Advantage, Bank Of America Says
Portfolio Pulse from Hayden Buckfire
Bank of America analyst Justin Post maintains Buy ratings for both Meta (price target $550) and Alphabet (price target $200). Meta is favored for its AI advancements and potential benefits from U.S. legislative action against TikTok, while Alphabet is seen as having a revenue and earnings advantage. Both companies face regulatory risks.
June 25, 2024 | 4:46 pm
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POSITIVE IMPACT
Bank of America analyst Justin Post maintains a Buy rating for Alphabet with a price target of $200, citing a revenue and earnings advantage over Meta. Alphabet faces increased competition from OpenAI and Bing, and substantial regulatory risks.
Alphabet is seen as having a revenue and earnings advantage over Meta, with less expected deceleration in revenue growth. However, it faces increased competition from OpenAI and Bing, and substantial regulatory risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bank of America analyst Justin Post maintains a Buy rating for Alphabet with a price target of $200, citing a revenue and earnings advantage over Meta. Alphabet faces increased competition from OpenAI and Bing, and substantial regulatory risks.
Alphabet is seen as having a revenue and earnings advantage over Meta, with less expected deceleration in revenue growth. However, it faces increased competition from OpenAI and Bing, and substantial regulatory risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bank of America analyst Justin Post maintains a Buy rating for Meta with a price target of $550, highlighting AI advancements and potential benefits from U.S. legislative action against TikTok. However, Meta faces risks from growing capex and headcount intensity for AI investments.
Meta's AI advancements and potential benefits from U.S. legislative action against TikTok are seen as positive catalysts. However, risks include growing capex and headcount intensity for AI investments. Overall, the analyst is bullish on Meta.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100