Internet Stocks in the News: Google, Inc.(NASDAQ:GOOG), Twitter Inc(NYSE:TWTR), Facebook Inc. (NASDAQ:FB)

NYSE TWTR Twitter

Tech Data Corp (NASDAQ:TECD) announced an agreement with Google, Inc.(NASDAQ:GOOG) to distribute Google’s Chromebook management console to its channel of solution providers in the U.S. through the company’s Systems & PeripheralsIT division. Through the agreement, Tech Data will also provide additional value-added services and training for solution providers.By way of the agreement, Tech Data will provide white glove services and support for solution providers and their end user customers such as pre-sales consultation, deployment services and a virtual concierge for additional technical support.

Analysts have a consensus price target of $675 on Google, Inc.(NASDAQ:GOOGL) which indicates a 24.85% upside. The consensus rating of the stock is a BUY with a score of 2.75. There are currently 1 Hold Rating and 3 Buy ratings on the stock.

The most recent analyst action consisted of upgrading the stock from Underperform to Neutral on March 11th, 2014.

Shares of Twitter Inc(NYSE:TWTR) are down over 3.9% to $39.97 at time of writing and have traded within a dollar of the life low at $38.80 today. That life low is support, with no established support below it. Resistance is at $41.58. The company reports earnings tomorrow after the close.

Analysts have a consensus price target of $49 on Twitter Inc(NYSE:TWTR) which indicates a 22% upside. The consensus rating of the stock is a HOLD with a score of 1.91. There are currently 14 Hold Ratings, 8 Buy ratings and 11 Sell ratings on the stock.

A recent analyst action consisted of SunTrust lowering their price target from $60 to $55 on April 10th, 2014. That same day Cantor Fitzgerald upgraded the stock from a Sell to Hold rating, setting their price target at $45.

Facebook Inc. (NASDAQ:FB) shares are at $55.84, down over 3%. There is a neckline of a potential bearish head and shoulders top that would become active on a break below $53. The downside potential for the pattern, most easily seen on a 1-year chart, is to the $36 area.

Analysts have a consensus price target of $72.11 on Facebook Inc. (NASDAQ:FB) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.84. There are currently 6 Hold Ratings and 32 Buy ratings on the stock.

The most recent analyst action consisted of Credit Suisse upgrading the stock to Outperform and boosting its price target from $65 to $87.

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