UPDATE: Alphabet (GOOGL) PT Lowered to $3,000 at BMO Capital After YouTube Disappointed...Again
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Alphabet (GOOGL) PT Lowered to $3,400 at Jefferies
April 27, 2022 8:16 AM EDTJefferies 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
Alphabet (GOOGL) Stock Falls as YouTube Slip Fuels Mixed Results, Analysts Lower Price Targets and Reflect on What Drove the Miss
April 27, 2022 7:05 AM EDTShares 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
