The Internet Content Information Industry is engaged in providing the information to the people they are looking for on the internet. More than 4.5 billion people around the world are using the internet. Some users are looking for necessary information, some are using social media apps for entertainment and some people are earning money through this industry.
This industry is generating revenue in two ways. Some companies in this industry are demanding charges for their content and some provide free content to the users. This industry also comes in the technology sector. The challenges are not unique, every industry experience challenges as it becomes more mature. The Internet content industry is also facing new challenges as more and more people are turning towards this industry.
Here are the top 7 booming stocks in the internet content and information industry that are good choice right now:
Twitter Inc. (NYSE: TWTR)
Twitter Inc. (NYSE: TWTR) shares were trading down -4.57% at $39.47 at the time of writing on Monday. Twitter Inc. (NYSE: TWTR) share price went from a low point around $20.00 to briefly over $52.93 in the past 52 weeks, though shares have since pulled back to $39.47. TWTR market cap has remained high, hitting $39.57B at the time of writing, giving it a price-to-sales ratio of more than 10.
Twitter Inc. (TWTR) CEO Jack Dorsey has gathered praise from activists. Twitter hide the Trump tweet attacking the Supreme Court’s decision on Pennsylvania ballots. If we look at the recent analyst rating TWTR, Pivotal Research Group reiterated coverage on TWTR shares with a Buy rating and a $40.99 price target, which implies room for 1.52% upside momentum this year.
Pinterest Inc. (PINS)
Pinterest Inc. (PINS) stock drop by -0.97% to $58.38. The most recent rating by MKM Partners, on October 29, 2020, is at a Buy. Pinterest Inc. (PINS) has earlier announced the financial results of the third quarter of 2020. It has reported Q3 revenue of $443 million, experiencing a 58% year over year increase. Its Global Monthly Active Users (MAUs) rose 37% year over year to 442 million.
Facebook Inc. (NASDAQ: FB)
Facebook Inc. (NASDAQ: FB) shares headed falling, lower as much as -0.67%. The most recent rating by Monness Crespi & Hardt, on October 30, 2020, is at a Buy. Facebook Inc. (FB) has revealed that it has experienced a better-than-projected increase in third-quarter revenue, representing a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing.
Tencent Music Entertainment Group (NYSE: TME)
Tencent Music Entertainment Group (NYSE: TME) fall -0.87% after losing more than -$0.13 on Monday. Tencent Music Entertainment Group (TME) has announced today that it has signed an exclusive licensing deal with peermusic. Users of TME will be able to access the catalog through TME’s streaming platform and other local digital platforms, which include QQ Music, Kugou Music, Kuwo Music, and WeSing.
iQIYI Inc. (NASDAQ: IQ)
iQIYI Inc. (NASDAQ: IQ) last closed at $25.19, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.15. iQIYI Inc. (IQ) disclosed earlier that its original series The Bad Kids won the “Best Creative” award at the 2nd Asia Contents Awards. The Awards is organized by the 2020 Busan International Film Festival was held in Busan, South Korea on October 25.
ANGI Homeservices Inc. (NASDAQ: ANGI)
ANGI Homeservices Inc. (NASDAQ: ANGI) stock soar by 3.11% to $10.93. The most recent rating by Credit Suisse, on October 29, 2020, is at an Outperform. ANGI Homeservices Inc. (ANGI) disclosed earlier that it is scheduled to announce its third-quarter results on November 6, 2020.
Snap Inc. (NYSE: SNAP)
Snap Inc. (NYSE: SNAP) last closed at $40.79, in a 52-week range of $7.89 to $44.18. Analysts have a consensus price target of $38.91. Snap Inc. (SNAP) has moved up 416.98% from its 52-weeks low and moved down -7.67% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 5.40. SNAP market cap has remained high, hitting $65.14B at the time of writing.