UPDATE: Alphabet (GOOGL) PT Lowered to $3,000 at BMO Capital After YouTube Disappointed...Again
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Go back to UPDATE: Alphabet (GOOGL) PT Lowered to $3,000 at BMO Capital After YouTube Disappointed...Again
April 27, 2022 8:16 AM EDT
Jefferies analyst Brent Thill lowered the price target on Alphabet (NASDAQ: GOOGL) to $3,400.00 (from $3,600.00) while maintaining a Buy rating following earnings.
The analyst commented, "FY22 is looking very different than FY21. While core Search and Cloud posted healthy growth,... More
April 27, 2022 7:05 AM EDT
Shares of Alphabet (NASDAQ: GOOGL) are down more than 3% in premarket trading Wednesday after the technology giant's Q1 report missed expectations across the board.
The owner of Google reported a Q1 EPS of $24.62, short of the consensus estimates of $25.91 per share. Revenue came in at $68.01 billion, up 23% from the year-ago period, but below the estimated $68.11 billion, according to Refinitiv.
YouTube advertising revenue stood at $6.87 billion in the period, well below the analyst expectations of $7.51 billion. Google Cloud segment generated $5.82 billion in revenue, topping the estimated $5.76 billion.
Alphabet reported traffic acquisition costs (TAC) of... More
