Apple's uplifting results boosted the Nasdaq on Friday, and was just enough to keep the index from dropping for a fifth straight week.
Arrows pointing outwardsDriven by Google and YouTube ads, Alphabet is expected to report another quarter of hefty growth at close to 27%, but analysts anticipate a significant moderation this year into the teens.
Google and Facebook have both proven they can withstand all sorts of challenges in recent years, ranging from the pandemic shutdowns and regulatory pressure to. Their dominance over web audiences means that even when marketers pull back their spending, they keep investing their dollars in ways that allow them to target the largest number of consumers on the internet and on mobile devices.
Still, the firm has a buy recommendation on the stock and a $410 price target, which represents a 36% increase from Friday's price.
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