Monness analyst Brian White has maintained their neutral stance on GOOGL stock, giving a Hold rating yesterday.
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Brian White has given his Hold rating due to a combination of factors that balance Alphabet’s attractive growth profile with rising risks and heavy investment needs. He expects solid first‑quarter results, with revenue and earnings likely to at least match consensus and growth improving versus last year, supported by resilient digital advertising trends and strong momentum in Google Cloud.
At the same time, he views the competitive environment in AI and cloud as increasingly intense, while Alphabet’s capital expenditures are surging to levels he believes cannot be sustained indefinitely. These ambitious spending plans, along with macroeconomic uncertainty, temper the upside potential in the near term and lead him to conclude that the current risk‑reward profile is appropriate for a Hold rating rather than a more aggressive stance.
In another report released yesterday, Rosenblatt Securities also maintained a Hold rating on the stock with a $357.00 price target.