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Wedbush's James Dix cut his rating on Alphabet last month to a "sell," citing emerging competition that Google faces in search advertising. Among Wall Street analysts, Dix is on an island. Forty-two of the 46 analysts (91 percent) tracked by FactSet recommend buying the stock. while three say investors should hold onto it. The more popular view was expressed by Pivotal Research Group's Brian Wieser, who wrote this month that Google and Facebook are "unambiguously the hegemonic players in digital advertising." Wieser's $1,090 price target is the highest on Wall Street. Dix's is the lowest at $700. Alphabet shares have gained 6.5 percent this year, closing on Tuesday at $828.55. Heading into its third-quarter earnings report on Thursday, Alphabet's stock market capitalization of $562 billion trails only Apple among the world's most valuable companies. Once at risk of losing ground in the transition from web to mobile, Google has solidified its digital dominance through the Android operating system, growth of YouTube and investments in smartphone apps for maps, e-mail and photo storage. Revenue probably climbed 18 percent to $22.05 billion in the period from $18.7 billion a year earlier, according to the average estimate in a Thomson Reuters survey. Earnings, excluding some items, likely increased to $8.63 a share from $7.35.
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on October 29, 2016. REUTERS/Josh Morgan 5/16 left right Protesters stand on heavy machinery after halting work on the Energy Transfer Partners Dakota Access oil กระเป๋าแบรนด์เนม pipeline near the Standing Rock Sioux reservation near Cannon Ball, North Dakota, September 6, 2016. REUTERS/Andrew Cullen 6/16 left right Dave Archambault II, chairman of the Standing Rock Sioux tribe, waits to give his speech against the Energy Transfer Partners' Dakota Access oil pipeline during the Human Rights Council at the United Nations in Geneva, Switzerland September 20, 2016. REUTERS/Denis Balibouse 7/16 left right A member of the Seven Council camp security team, Miah, directs traffic through the camp during a heavy downpour at an encampment in Cannon Ball, North Dakota, September 7, 2016. REUTERS/Andrew Cullen 8/16 left right Aaron Makwa Chivis takes a photo of his friend Joe Syette after they travelled from the Saginaw Chippewa Reservation in Mount Pleasant, Michigan to join an encampment near the Standing Rock Sioux reservation in Cannon Ball, North Dakota, September 7, 2016. REUTERS/Andrew Cullen 9/16 left right A sage tie, which has spiritual significance for Native American Plains tribes, hangs at the Seven Council camp, near the Standing Rock Sioux reservation in Cannon Ball, North Dakota, September 7, 2016. REUTERS/Andrew Cullen 10/16 left right Signs left by protesters demonstrating against the Energy Transfer Partners Dakota Access oil pipeline sit at the gate of a construction access road near the Standing Rock Sioux reservation in Cannon Ball, North Dakota, September 6, 2016. REUTERS/Andrew Cullen 11/16 left right Protestors against the Dakota Access Pipeline stand-off with police in this aerial photo of Highway 1806 and County Road 134 near the town of Cannon Ball, North Dakota, U.S., October 27, 2016. Morton County Sheriff's Office/Handout via Reuters 12/16 left right Protestors against the Dakota Access Pipeline stand-off with police in this aerial photo of Highway 1806 and County Road 134 near the town of Cannon Ball, North Dakota, U.S., October 27, 2016.
The Olympic Uniform Scandal
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