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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 +0.09% /zigman2/quotes/205453964/composite GOOG -0.09% 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 +1.28% 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 +0.05% 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 +0.36% has declined 14%.

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,894.28
+1.72 +0.09%
Volume: 2.53M
Jan. 25, 2021 4:15p
P/E Ratio
37.83
Dividend Yield
N/A
Market Cap
$1282.98 billion
Rev. per Employee
$1.36M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,899.40
-1.65 -0.09%
Volume: 1.93M
Jan. 25, 2021 4:00p
P/E Ratio
37.93
Dividend Yield
N/A
Market Cap
$1282.98 billion
Rev. per Employee
$1.36M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 278.01
+3.51 +1.28%
Volume: 19.09M
Jan. 25, 2021 4:00p
P/E Ratio
31.66
Dividend Yield
N/A
Market Cap
$781.86 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,294.00
+1.77 +0.05%
Volume: 3.75M
Jan. 25, 2021 4:00p
P/E Ratio
96.47
Dividend Yield
N/A
Market Cap
$1651.88 billion
Rev. per Employee
$351,531
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/zigman2/quotes/210599714/realtime
US : S&P US
3,855.36
+13.89 +0.36%
Volume: 2.79B
Jan. 25, 2021 5:15p
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