Jefferies is positive on Google's stock, even though it's undervalued and underperforming its peers and the overall market.
"We remain positive on GOOGL on attractive valuation and a portfolio of assets waiting to be unlocked," said Jefferies Technology analysts Brent Thill.
Thill said that Google's valuation "reflects pessimism." Investors worry about a recent slowdown in advertising revenue growth, competitive losses to Amazon and Facebook, new initiates with lower margins and heightened regulatory overhang. More transparency with investors about new segments and financials, positive sentiment from an increase in share buybacks and a pickup in M&A can all help the "ailing stock," said Thill.of computer software company Looker, to help boost Google's cloud business.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Google is rolling out its big new version of Android to Pixel phones todayGoogle is rolling out Android 10, its next big Android update, to Pixel devices beginning Tuesday.
Leer más »
More than 30 states are looking at a Google antitrust probeMore than half of the state attorneys general in the U.S. are involved in the effort, according to The Washington Post.
Leer más »
Google target of new U.S. antitrust probe by state attorneys generalMore than half of U.S. state attorneys general are readying an investigation int...
Leer más »
Google Said to Face Antitrust Probe From Numerous State AttorneysA coalition of State Attorneys General is getting ready to announce a massive antitrust investigation into Google’s business practices, according to a Washington Post report. The probe is bei…
Leer más »
States expected to unveil Google antitrust probe next weekGoogle will face fresh antitrust scrutiny from more than 25 state attorneys general.
Leer más »