Buy Alphabet on the dip because its products are more useful than Facebook’s, Stifel says [CNBC]
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Source: CNBC
Stifel raises its rating for Alphabet shares to buy from hold, citing its new growth opportunities including cloud computing. Alphabet's products seem to have more proven durability and utility in the lives of consumers than Facebook's products, as displayed in recent weakness of users and usage in Facebook's most mature and highly monetized market of North America, the firm's analyst writes. Published 23 Mins Ago CNBC.com Getty Images Larry Page chief executive officer of Google's parent company, Alphabet Inc. The recent decline in Alphabet shares is a great buying opportunity, according to one Wall Street firm. Stifel raised its rating for Alphabet shares to buy from hold, citing its new growth opportunities including cloud computing. Alphabet shares declined 4.8 percent Tuesday, a day after it reported its first-quarter earnings results. Analysts lowered profit margin projections for the compan
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