This week sees earnings reports from Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), and Match Group (NASDAQ:MTCH), the owner of Tinder. After a year-end rally that pushed stock valuations higher, the upcoming results might need to be pretty impressive to stir a rather subdued market.
Ahead of these earnings announcements, RBC Capital Markets analysts have highlighted Amazon and Meta as their preferred choices. They are focusing on whether artificial intelligence can keep sparking interest without boosting revenue, how China’s economic slowdown affects the market, and the extent of growth in the Cloud sector.
Delving into the insights of RBC Capital’s analysts, spearheaded by Brad Erickson, he said, “Given how the market has rebounded over the last few months, risk/rewards are more balanced, in our view, but with such strong fundamentals likely on the way, we stay the course on Amazon and Meta.”
Amazon
With an outperform rating and a $180 price target — both unchanged here — RBC expects Amazon to beat market expectations of ...