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Alphabet (GOOGL) Price Target Cut at Cowen as Estimates Trimmed

July 13, 2022 11:43 AM EDT

Alphabet's (NASDAQ: GOOGL) price target was cut to $3,000 from $3,200 by Cowen analyst John Blackledge in a note Wednesday.

Blackledge, who has an Outperform rating on the stock, explained that they slightly trimmed their '22 Search & YouTube ad estimates following its digital ad expert check call, which "suggested Search is seeing healthy demand, while also... More