Monness analyst Brian White has maintained their neutral stance on GOOGL stock, giving a Hold rating today.
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Brian White has given his Hold rating due to a combination of factors that reflect both the strengths and challenges facing Alphabet Class A. The company has demonstrated strong performance in its advertising and cloud segments, with notable growth in Google Search, YouTube Ads, and Google Cloud. This positive momentum is supported by robust sales figures that exceed market expectations, signaling Alphabet’s effective execution in these areas.
However, despite these achievements, there are significant concerns that temper the overall outlook. The looming antitrust challenges present a substantial risk, as Alphabet faces ongoing legal scrutiny that could impact its business operations. Additionally, the competitive landscape remains intense, and broader macroeconomic uncertainties add further complexity. These factors contribute to a cautious stance, justifying the Hold rating as Alphabet navigates these multifaceted dynamics.
In another report released today, UBS also maintained a Hold rating on the stock with a $202.00 price target.