Alphabet (GOOGL) PT Lowered to $120 at Citi
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Go back to Alphabet (GOOGL) PT Lowered to $120 at Citi
October 26, 2022 9:09 AM EDT
Monness, Crespi, Hardt analyst Brian White lowered the price target on Alphabet (NASDAQ: GOOGL) to $135.00 (from $145.00) while maintaining a Buy rating.
The analyst commented, "Alphabet reported lackluster 3Q:22 results in a very treacherous digital ad market and is taking steps to... More
October 26, 2022 8:26 AM EDT
Rosenblatt analyst Barton Crockett lowered the price target on Alphabet (NASDAQ: GOOGL) to $130.00 (from $156.00) while maintaining a Buy rating.
The analyst commented, "Alphabet followed Snap into the 3Q22 wind tunnel of strengthening macro headwinds. We assume this persists for a few quarters, before... More
October 26, 2022 6:08 AM EDT
Alphabet (NASDAQ: GOOGL) shares are down over 6% in pre-market Wednesday trading after the company reported weaker-than-expected Q3 results.
Google's parent company reported an EPS of $1.06 on revenue of $69.09 billion, resulting in a miss as analysts were looking for an EPS of $1.28 on revenue of $71.34 billion. Google Cloud generated $6.87 in Q3 revenue, while the companys core business - Google Services - generated $61.38 billion.
Our third quarter revenues were $69.1 billion, up 6% versus last year or up 11% on a constant currency basis. Financial results for the third quarter reflect healthy fundamental growth in... More
