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.

The Watch List

26 Oct 2022

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