Seeking Alpha

Buy Alphabet during 'summer blues' - Deutsche

|About: Alphabet Inc. (GOOG)|By:, SA News Editor

Deutsche Bank says Alphabet (GOOG,GOOGL) should start showing growth improvement in Q4 on the backs of the new ad products.

Analyst Lloyd Walmsley reiterates his Buy rating and advises investors to “take advantage of summer blues to build positions."

The analyst has “increased conviction in our above-consensus 2020 outlook” after he was “struck by the magnitude of new ad product in the pipeline."

GOOGL shares are up 0.4% pre-market to $1,051.42.

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