HomeInvestingEarningsAlphabet (GOOGL): Negative To Flat Advertising Environment
Alphabet (GOOGL): Negative To Flat Advertising Environment

Alphabet (GOOGL) earnings report indicated a weak growth in revenue. "92% of the street still has a buy on the GOOGL stock. Oppenheimer lowered the GOOGL price target to $135 from $155 due to weaker first half of 2022 and slower headcount growth. Alphabet (GOOGL) is signaling a negative to flat advertising environment. However, advertisers will cut Google Search out of the equation. GOOGL stock is trading 18 times next year's earnings," says Jason Helfstein.

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26 Oct 2022

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