Roth Capital lowered the firm’s price target on Alphabet (GOOGL) to $180 from $220 and keeps a Buy rating on the shares ahead of its Q1 results this week. The firm is updating its model assumptions, with expectations that the company’s Search revenue growth will “consistently decelerate” to 8% in Q2, 6% in Q3 and exit 2025 with growth rate of about 1%, the analyst tells investors in a research note. For YouTube, Roth sees Q2 growth rate deceleration to 9% and Q3 down to 7%, exiting 2025 at 2%.
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