rose nearly 3% on Monday to a new record high after Michael Levine, an analyst at Pivotal Research Group, upgraded the stock to "buy" from "hold."
"We are incrementally more constructive about what we perceive as multiple ways to get paid under the recently appointed Pichai regime," Levine wrote in a note Monday. He's evaluating the company based on 12.5x its 2021 Ebitda and said that multiple could easily move higher depending on "actions the new regime could, and should, pursue." the departures of cofounders Larry Page and Sergey Brin.
Under Pichai, there's an opportunity for incremental disclosure, a change in guidance philosophy, and a potential to change capital allocation strategies, such as instituting a dividend, Levine wrote. "Our view is that Thomas Kurian's hiring is akin to Kieth block being hired at CRM in 2013 — another multi-decade senior ORCL hire who hasand business for the better," Levine wrote. The journey will likely take time, however, Levine wrote, as Kurian is just getting started, and Amazon and Microsoft have "substantial leads" in cloud over Google.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Indian intelligence power at its best. Some 500 of the 75000 Tech Indians who came to help USA with Y2K scare, stayed and became millionaires. Their children are Doctors, Dentists, Pharmacists & IT engineers who joined Upper Middle Class and realized the American Dream
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Stocks Drop, Oil Jumps After Trump Threatens Iraq With SanctionsStocks kicked off the week with losses, oil prices rose and gold jumped to a six-year high as an escalation in geopolitical risk in the Middle East reverberated around the world. Bitcoin Buy-Low-Sell-High Boomingly! When you look to preserve wealth, gold and real property are the way to go. If you want to increase wealth, some risk is always involved. Basic economics. Trump is killing the markets... We need to protest... We need to face him...
Source: WSJ - 🏆 98. / 63 Read more »
How an Ally high-yield savings account helped me pay $33,000 in debt - Business InsiderWhen my husband and I decided to get serious about paying our $33,000 of debt, we started by making automatic transfers into our savings account. Nice girl
Source: BusinessInsider - 🏆 729. / 51 Read more »
Most overpriced stocks in the market to avoid, 20% drop: Goldman Sachs - Business InsiderGoldman Sachs says these 10 stocks are dangerously overvalued and could tumble 20% — and their list includes Apple, which they see plunging 35% this year GoldmanSachs disclosing the stocks they shorted. Lololololol I always believe GSCO 🙄 'Short my shorts bitches'.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla's success proves that what America needs is business, business, and more business - Business InsiderFor 10 years the country has discouraged more than encouraged new businesses to get started. That needs to change, following Tesla's example. Winning, winning, winning with Trump. Still not bored of it.... Big business has been working hard to stop electric cars and Tesla Media can’t even to pretend correctly they like this guy and the disruption his companies are making for business as usual, petroleum backed/invested, media owning interests.
Source: BusinessInsider - 🏆 729. / 51 Read more »