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March 30, 2020, 7:53 a.m. EDT

Alphabet stock rises after BMO upgrade

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By Emily Bary

BMO Capital Markets analyst Daniel Salmon upgraded Alphabet Inc. shares /zigman2/quotes/202490156/composite GOOGL +0.39% /zigman2/quotes/205453964/composite GOOG +0.59% to outperform from market perform on Monday, writing that he expects mega-cap internet companies to be popular when the economy rebounds. Salmon prefers Alphabet's stock to Facebook Inc.'s /zigman2/quotes/205064656/composite FB -0.28% as the Google parent company has greater exposure to large businesses, whereas smaller enterprises will likely feel the effects of the COVID-19 outbreak more strongly. He also argued that Alphabet's YouTube subscription offerings should see benefit from lockdowns. Salmon still prefers Amazon.com Inc.'s stock /zigman2/quotes/210331248/composite AMZN +2.11% over Alphabet's, writing that he expects the e-commerce giant's advertising business to be more resilient during the pandemic. Alphabet shares up up 0.6% in premarket trading Monday. The stock has dropped 17% over the past month as the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.64% has declined 14%.

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,479.09
+5.79 +0.39%
Volume: 1.46M
Aug. 5, 2020 4:00p
P/E Ratio
32.99
Dividend Yield
N/A
Market Cap
$999.82 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,473.61
+8.64 +0.59%
Volume: 1.98M
Aug. 5, 2020 4:00p
P/E Ratio
32.87
Dividend Yield
N/A
Market Cap
$999.82 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 249.12
-0.71 -0.28%
Volume: 13.09M
Aug. 5, 2020 4:00p
P/E Ratio
30.43
Dividend Yield
N/A
Market Cap
$711.72 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,205.03
+66.20 +2.11%
Volume: 3.93M
Aug. 5, 2020 4:00p
P/E Ratio
123.20
Dividend Yield
N/A
Market Cap
$1572.21 billion
Rev. per Employee
$359,671
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/zigman2/quotes/210599714/realtime
US : S&P US
3,327.77
+21.26 +0.64%
Volume: 2.45B
Aug. 5, 2020 5:27p
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