You are here: Home » International » News » Companies
Business Standard

Robot slaps sell rating on Facebook and Google

AIERA's pessimism isn't enough to cause Sena and his team to remove their own outperform rating on both stocks

Julie Verhage | Bloomberg 

While human analysts are still overwhelmingly bullish on Alphabet and Facebook, a new robot analyst at Wells Fargo says it’s time to sell.    Late last month, Wells Fargo analyst Ken Sena introduced AIERA, short for artificially intelligent equity research analyst, a bot that does massive automated grunt work to support human analysts as they track stocks and make trade recommendations. And while analysts are known to skew toward buy ratings, the new bot doesn’t seem to share the bias. “AIERA’s approach this week appears decidedly more ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, October 08 2017. 01:56 IST