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Data rescue 4 coupon by costco7/29/2023 ![]() 24.6%) on the back of the company's leverage to the Chinese economy whose outlook has risen following the country's post-Covid reopening. (You can read the full research report on Alphabet here >)Īlibaba shares have outperformed the Zacks Internet - Commerce industry over the past year (+1.2% vs. Additionally, its growing litigation issues and increasing expenses are concerns. However, sluggishness in the company’s advertisement business remains a major headwind. Its growing efforts to gain foothold in the healthcare industry are other positives. Also, Alphabet’s expanding presence in the autonomous driving space is contributing well. Further, its deepening focus on wearables category remains a tailwind. For first-quarter 2023, we expect Google Cloud revenue to grow 9.7% year over year.Īlso, strong focus on innovation of AI techniques, and growing interest in home automation space should aid business growth in the long term. Expanding data center network and rising number of infrastructure regions will continue to bolster its presence in the cloud space. +19.8% for the Zacks Tech sector and +7.5% for the S&P 500 index, reflecting the favorable outlook for the company’s strong cloud division. Shares of Alphabet have gained +22.8% this year vs. You can see all of today’s research reports here > These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. (GOOGL), Alibaba Group Holding Limited (BABA) and Costco Wholesale Corporation (COST). ![]() ![]() Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. The Zacks Research Daily presents the best research output of our analyst team.
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