Margin pressures persist, and we view shares as fairly valued today.
Martin Sorrell's departure may hurt WPP's relationship with clients short term, but we think such an impact will be minimal.
We're maintaining our fair value estimate after the firm reported in-line results.
We think much of the possible downside is accounted for in the current price.
We are planning to raise our fair value estimate for the no-moat firm.
We’re increasing our fair value for Snap, but don’t see the no-moat firm as attractively priced today.
We are raising our fair value estimate to $1,200 and view shares fairly valued today.
We’re boosting our fair value estimate for wide-moat Facebook, but don’t see the shares as a bargain.
Ad holding firms and their agencies will maintain their market-leading positions, creatively.
This moaty business should drive Alphabet’s earnings higher.
We’re lowering our fair value estimate after Snap continues to find it difficult to compete against Facebook.
We're boosting our fair value estimate for the firm but see shares as fully valued today.
We view shares as fairly valued today, and are raising our fair value estimate.
IAC maintains a large stake in the newly formed ANGI Homeservices, whose revenue growth and margin expansion targets we're skeptical of.
We continue to recommend a wider margin of safety before allocating capital to this no-moat and very high uncertainty name.
The fears about the impact of Apple's ITP on narrow-moat Criteo's business are overblown.
The move could further strengthen Alphabet's moat as Pixel and other hardware can bring in more users, increasing user count/engagement, from which more data will be compiled to drive more online ad revenue growth.
Our fair value estimate is intact for this no-moat and very high uncertainty name.
We think the company is positioned to benefit as advertising and marketing become more complex.
We still think Twitter has no economic moat and would wait for a cheaper price before buying, but the market is likely overreacting to the lack of user growth.
We’re boosting our view of Facebook’s growth and profitability after the firm reported excellent second-quarter results.
The Google parent has a better than expected second quarter, and we see shares as fairly valued today.
The no-moat company now trades below its $17 IPO price, we continue to recommend a wider margin of safety before investing in this very high uncertainty name.
A final decision on the most recent ruling and other cases could take years, and we have included their impact in our bear-case scenario of Alphabet's valuation.
While results support our thesis that BlackBerry has successfully transitioned from a hardware to a software company, its long-term success remains to be seen.
What's left of the company formerly known as Yahoo has started trading as a closed-end management company.
We now value Altaba at $55 per share, mainly due to Morningstar’s higher valuation of Alibaba, in which Altaba has a 15% stake.
We are maintaining our fair value estimate after mixed first-quarter results and think investors should continue to look elsewhere for value.
With more users and user engagement, Facebook continues to not only strengthen its network, but also possibly the value of its intangible assets stemming from user data.
The Google parent had better than expected top- and bottom- line growth driven by a robust ad market.
The latest quarterly results support our belief that BlackBerry will successfully transition from a hardware to a software company.
We don't believe the Snapchat parent has earned an economic moat and think shares are worth $15 each.
While the firm's growing user engagement is reaffirming part of our thesis, lower than expected user growth and delay in more effective monetization of the users are concerning.
The wide-moat social network had a strong fourth quarter, but will need to continue to invest in innovation to keep competitors at bay.
We’re modestly raising our fair value estimate for the Google parent, but we still see the shares as fairly priced.
We think shares of the social networking firm are fully valued as management signals it will continue to invest in the business.
Although auto GPS is in secular decline, the marine segment helps maneuver the firm to its moat rating.
Google introduced two new high-end smartphones as part of several product announcements that the wide-moat firm hopes will help maintain and/or grow its dominance in online search.