2 “Buy Strong” FAANG Stocks to Look at Stock Earnings
Big tech has been in the news recently, and not necessarily for the right reasons. Allegations of corporate censorship have made headlines in recent weeks. While serious, it can have a salaried effect – public discussion of Big Tech’s role in our digital lives has been around for a long time. And this discussion will begin just as the financial numbers start rolling in Q4 and full-year 2020. In shares of FAANG, Netflix has already reported; The other four will release the results in the next two weeks. Therefore, upcoming earnings will attract good attention, and Wall Street’s Best Analysts are already publishing their thoughts on some of the most important components of the market. Using TipRank’s database, we extracted details on two members of the FAANG club to find out how the Street would fare when they published their fourth quarter numbers. According to the platform, the two have received a lot of love from analysts, earning a “strong buy” consensus rating. Facebook (FB) Let’s start with Facebook, the social media giant that has redefined our online interactions. Along with Google, Facebook has also brought us targeted digital marketing and advertising, and mass demonetization of the Internet. This has been a profitable strategy for the company. Facebook has a market cap of up to $ 786 billion, and in the third quarter of 2020 the company reported $ 21.5 billion on the top line. Looking at the Q4 report, due on January 27, analysts forecast revenue of $ 26.2 billion or more. This would be in line with the company’s pattern with increasing quarterly performance from Q1 to Q4. On the projected amount, revenue will increase by 24% year-on-year, with roughly 22% yoy profit already seen in Q3. An increase in daily active users will require looking at key metrics; This metric slipped slightly from Q2 to Q3, and further declines would be taken as an ominous sign for the company’s future. As it stands now, Facebook has a daily average user count of 1.82 billion. Ahead of print, Oppenheimer analyst Jason Helfstein raised his price target to $ 345 (from $ 300), repeating an outperform (ie buy) rating. Investors stand in the pocket ~ 26% profit should play analyst’s thesis. (To see Helfstein’s track record, click here) the 5-Star analyst commented, “[We] Estimated 4Q advertising revenue will easily increase Top Street estimates. Now we estimate 4Q advertising revenue + 30% y / y vs. Street’s + 25% based on US Standard Media Index data (r-squared 0.95) and global CPM data from secret media (4Q + 35% y /) Let’s accelerate. y vs 3Q -12%). Additionally, we are growing very fast at FB’s eCommerce opportunity after negotiating with our check and our initial work is conservatively guessing shops $ 25-50B opportunity vs. current $ 85B. We believe that shares currently on sale of 7.1x EV / NTM provide the most favorable risk / reward in the Internet large cap. “Overall, the social media empire remains the Wall Street darling, as TipRanx Analytics is showing FB to be a strong buy. It is based. Based on 34 recent reviews, which gave 30 buy ratings, 3 holds and 1 sale Shares break. The stock price is $ 276.10 and gives a one-year upside of the average price target of ~ $ 327.42. Can’t Escape. The retail giant has a market cap of $ 1.65 trillion, making it one of only four publicly traded companies to be worth more than the trillion-dollar mark. The company’s famous. Famously. Is high, and has grown 74% since this time last year, outpacing broader markets. Amazon’s growth during the ‘Corona Year’ has been supported by an increase in online sales activity. Globally , Online retail grew by 27% in 2020, while total retail declined by 3%. Amazon, which dominates the online retail sector, has 2 020 is projected to increase by $ 380 billion or 34% year-over-year in total revenue. Global E-Commerce Benefits. Copen analyst John Blackledge, a 5-star rating by TipRanks, covers Amazon and is bullish on the company’s potential to grow beyond its earnings. Blackjell rates the stock outperform (ie buy) and its price target. $ 4,350, indicating a reversal of 31% over the one-year time horizon. (To see Blackledge’s track record, click here) “We reported revenue 4Q20 of $ 120.8BN, + 38.2% y / y vs.” 37.4% y / AWS, led by advertising, subscription and 3P sales 3Q20. In y [..] We estimate that US Prime sub-growth is accelerating in 4Q20 (~ AVCL reaches ~ 76MM on AVG in 4M20 and ~ 74MM in 4Q20), with epidemic demand, Prime Day in October, and longer shopping period As well as 1 day delivery. […] In ’21, we expect strong top-line growth to continue to be driven by eCommerce (driven by COVID to help further grocery), AWS and sub businesses, “AWS and sub businesses,” opined Blackledge. That Wall Street is brisk on Amazon in general is no secret. The company has 33 reviews on record, and 32 of them are Buys, vs. 1 Hold. The shares are priced at $ 3,301.26 and an average price target of $ 3,826 means that it will rise another 16% this year. (See AMZZ Stock Analysis on TipRank). To find good ideas for stock trading at attractive valuations, TipRank’s Best Stocks to Buy, a newly launched tool that unites all of TipRank’s equity insights. Disclaimer: The opinions expressed in this article are those of select analysts only. Intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.