Alphabet (GOOGL) PT Lowered to $1,250 at MoffettNathanson
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Price: $345.90 -0.13%
Rating Summary:
43 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
43 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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MoffettNathanson analyst Michael Nathanson lowered the price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to $1,250.00 (from $1,290.00) while maintaining a Buy rating.
- assume that deceleration in Q1 reflected continuing deceleration in Search that wasn't offset by YouTube
- forecast -200 bps of margin erosion in 2019 followed by flattish margins in 2020 and beyond
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