Wall Street's Top Analyst Downgrades Alphabet and Uber

Wall Street's Top Analyst Downgrades Alphabet and Uber

The investment landscape is constantly evolving, with analyst ratings playing a crucial role in shaping investor sentiment. Today's market witnessed some significant moves, particularly with the downgrades of tech giants Alphabet (GOOGL) and Uber (UBER) by a prominent Wall Street firm. This blog post provides a concise summary of key research calls, including upgrades and downgrades, that investors should be aware of. Key Downgrades Alphabet (GOOGL): JMP Securities downgraded Alphabet to Market Perform from Outperform, citing concerns over potential antitrust penalties. The firm believes these penalties could significantly impact Google's search dominance and revenue streams within the United States. Uber (UBER): JMP Securities also downgraded Uber to Market Perform from Outperform, acknowledging the long-term threat posed by autonomous vehicles. While Waymo's current impact on Uber's business remains limited, the firm believes the stock's valuation is likely to be ca…