Google (GOOGL) stock rose on Wednesday after the Internet search king got a price target boost and ratings upgrade from investment bank Goldman Sachs, which cited major money-making potential for both Google’s mobile search efforts and its YouTube video wing. Goldman Sachs raised its price target on Google stock to 800 from 660 and upgraded Google stock to buy from neutral. The investment bank also placed Google on its Conviction (buy) List. “We
Some top techs won the week while stocks dropped across the board. The S&P 500 was down 4% for the week as of Friday afternoon, with the market uptrend under pressure. Who rose anyway? IT consultants. Of 30 tech stocks with a Composite Rating of 95 or better and at least a billion-dollar market cap, Globant (GLOB), a software developer for companies from Google (GOOGL) to Disney (DIS), gained most. It lifted more than 4% for the week and has
With no new streaming video player in two and a half years, Apple (AAPL) is losing ground in the market. Apple’s set-top box, Apple TV, slipped to fourth place in U.S. sales of streaming media devices last year, research firm Parks Associates reported Thursday. Roku continues to lead in streaming media device sales, accounting for 34% of units sold in 2014. Google (GOOGL) was second with 23%. Amazon.com (AMZN) overtook Apple for third place.