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Top Research Reports for Alphabet, salesforce & Starbucks

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Thursday, January 6, 2022

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), salesforce.com, inc. (CRM), and Starbucks Corporation (SBUX). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Shares of Alphabet have outperformed the S&P 500 over the past year (+55.3% vs. +25.8%). The Zacks analyst believes that Alphabet’s dominant search market share, an expanding cloud footprint and strengthening presence in the smart home market are the major catalysts for the stock's continued outperformance.

Google’s mobile search has been gaining solid momentum. Strong focus on innovation of AI techniques as well as wearables technology is likely to aid business growth in the long term. Alphabet’s expanding presence in the autonomous driving space is another major positive. Growing litigation issues and increasing expenses, however, are concerning.

(You can read the full research report on Alphabet here >>>)

salesforce shares have lost -17.1% over the past three months against the Zacks Computer Software industry’s gain of +2.9%. Stiff competition, unfavorable currency fluctuations as well as increasing investments in international expansions and data centers are some of the major headwinds for CRM.

The Zacks analyst, however, believes that salesforce has been benefiting from a robust demand environment amid a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. The recent acquisition of Slack is likely to position salesforce as a leader in the enterprise team collaboration solution space, thereby enabling it to better compete with Microsoft’s Teams product.

(You can read the full research report on salesforce here >>>)

Shares of Starbucks have lost -4.9% in the last six months against the Zacks Food & Restaurants industry’s loss of -1.9%. SBUX’s earnings in fiscal 2022 is likely to be impacted by strategic investments and cost inflation. Earnings estimates for 2022 have declined in the past 60 days.

The Zacks analyst, however, believes that store growth, robust digitalization initiatives and a sturdy comps growth bode well for the long term. Starbucks’ also reported impressive U.S. comps for the third straight quarter in fourth-quarter fiscal 2021. SBUX now anticipates global comparable sales to reach high-single digits in fiscal 2022.

(You can read the full research report on Starbucks here >>>)

Other noteworthy reports we are featuring today include Amgen Inc. (AMGN), BP p.l.c. (BP) and Fidelity National Information Services, Inc. (FIS).

Sheraz Mian

Director of Research

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BP p.l.c. (BP) : Free Stock Analysis Report
 
salesforce.com, inc. (CRM) : Free Stock Analysis Report
 
Amgen Inc. (AMGN) : Free Stock Analysis Report
 
Starbucks Corporation (SBUX) : Free Stock Analysis Report
 
Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
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Zacks Investment Research