7 Internet Stocks On Canaccord's Dashboard

Canaccord Genuity reviewed seven Internet-based stocks for October.

Analysts Michael Graham took into consideration the operating metrics and quantitative factors apart from sentiment on stock for the monthly Internet dashboard.

The following stocks are assigned Buy rating:

• Alphabet Inc GOOGL: This is a focus stock with a target price of $900 on the expectation of continued growth from non-core operating segments like YouTube.
• Facebook Inc FB: Another focus stock with a price objective of $160. Its Instagram, Messenger, and FAN to improve digital ad offering.
• Amazon.com, Inc. AMZN: Price tag is $825. Expects gains from e-commerce.
• Wayfair Inc W: The fourth focus stock with a target price of $55. Expects the company to gain from repeat customer to fuel order metrics growth.
• Zillow Group, Inc. Z: Price target is $42. Unique visitor growth is a key factor.

The following stock accorded Hold rating:

• eBay Inc EBAY: Target price of $28. ComScore estimates suggest that traffic witnessed re-acceleration in August.
• Glu Mobile Inc GLUU: Price Objective is $3. Checks suggest deterioration in core portfolio amidst new launches misses.