(This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Analysts on Wednesday focused on reports from major tech companies and potential headwinds for one fintech stock. Those covering Google-parent Alphabet and Microsoft reacted to the megacap names’ latest earnings reports, as both stocks fell on the back of those reports. SoFi Technologies was also under pressure following a Morgan Stanley downgrade. Check out the latest calls and chatter below. All times ET. 5:41 a.m.: Wall Street analysts stand behind Alphabet after fourth-quarter earnings results Alphabet shares may be under pressure following mixed quarterly results, but analysts at major banks are standing behind the name. The company beat estimates on both earnings and revenue for the fourth quarter but reported ad revenue of $65.52 billion, missing expectations. Subsequently, the stock slid 6%. Despite this near-term setback, Wall Street analysts from the major banks are still bullish on the name. GOOGL 1D mountain GOOGL falls “In total, we see this quarter as a combined set of messages with stable/strong digital advertising and media consumption trends, solid upside surprise in terms of segment level Operating Income margins & some nuance around one-timers,” wrote Goldman Sachs analyst Eric Sheridan. Sheridan reiterated his buy rating on the stock while raising his 12-month price target to $171 from $164, implying that Google shares could rise 13% from their Tuesday closing price. Likewise, Bank of America analyst Justin Post also reiterated his buy rating but maintained his price objective at $173. Barclays analyst Ross Sandler also maintained his overweight rating on the stock, lowering his price target to $173 from $180. A $173 price target corresponds to a potential 14.2% rally. “Bulls (like us) point to accelerating growth in Search and YT, but the skeptics likely flag increased costs of AI and limited upside to numbers. With shares up 59% last year and 10% thus far in January, we aren’t surprised to see GOOGL take a temporary breather,” Sandler wrote. At $168, up from $153, Citi analyst Ronald Josey had a lower price target. Josey also maintained his buy rating for Google, with his updated price forecast implying that shares could rally 11%. — Lisa Kailai Han 5:41 a.m.: Morgan Stanley downgrades SoFi Technologies Growing near-term headwinds and execution risks to achieving 2026 earnings targets have led Morgan Stanley to recommend clients stay away from SoFi Technologies . Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7. The new forecast implies 22.6% downside for the stock. Shares were down more than 3% in the premarket. SOFI 1D mountain SOFI under pressure “Slowing top-line, execution risk on the path to 2026 EPS takes us back to Underweight,” Adelson wrote. “We previously moved off our Underweight call 3 months ago as 1) the stock price had come down to our prior PT, reflecting a more balanced risk-reward skew and 2) SOFI announced capital relief in the form of a new $2B forward flow agreement and other loan sales.” “However, with shares now more than 20% higher since then, and trading at a [price to tangible book value] of ~2.4x, we believe the stock is pricing in too much optimism on the path to 2026 profitability laid out by SOFI, all while staring in the face of a worsening top-line growth outlook for 2024,” Adelson wrote. SoFi shares surged more than 115% in 2023, marking their best year ever. However, they are down 15.6% year to date. — Fred Imbert
