Ygal Arounian
Managing Director, Equity Research
AREA OF FOCUS
Internet
AREA OF FOCUS
Internet
ANALYST BIOGRAPHY
Ygal Arounian is a Managing Director of Internet Equity Research at Wedbush. He brings 15 years of equity research experience, having previously served as Director of Internet Equity Research at Citi, and prior to that covered Internet equities at Wedbush from 2018 to 2022. He also spent over six years at BMO Capital Markets covering Media & Internet. Before transitioning into research, Ygal began his career as a media buyer for large broadcast and TV networks, giving him a uniquely four-dimensional view of how media, the internet and eCommerce have co-evolved over two decades.
Ygal received his B.S. in Marketing from Yeshiva University, his MBA in Finance from Fordham University, and his M.A. in International Political Economy and Development, also from Fordham University.
ANALYST EDGE
Ygal's edge lies in the combination of deep fundamental analysis and a thematic, big-picture perspective on the forces reshaping the internet sector. His coverage spans consumer internet and SMB software, balancing long-term structural trends with granular company-level financial modeling. His early career in media buying gives him firsthand insight into the advertising ecosystem and a strong viewpoint on how shifting consumer habits have driven internet business models, particularly at the intersection of digital media and eCommerce. This is complemented by strong management relationships and deep connectivity with institutional investors.
COMPANIES UNDER COVERAGE
- Airbnb, Inc. (ABNB)
- Alphabet (GOOGL)
- Amazon.com (AMZN)
- Booking Holdings (BKNG)
- Criteo S.A. (CRTO)
- DoorDash Inc. (DASH)
- Duolingo (DUOL)
- eBay (EBAY)
- Etsy (ETSY)
- Expedia Inc. (EXPE)
- GoDaddy Inc. (GDDY)
- Maplebear Inc. (CART)
- Meta Platforms Inc (META)
- Pinterest Inc. (PINS)
- Reddit Inc. (RDDT)
- Shopify (SHOP)
- Uber Technologies, Inc. (UBER)
- Verisign (VRSN)
- Wayfair (W)
- Wix.com (WIX)
- Xometry, Inc. (XMTR)