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 influencing Alphabet’s current and future performance. The company’s recent financial results for the fourth quarter of 2024 were below expectations, with sales and earnings per share falling short of projections. Despite some growth in advertising revenue, there was a noticeable slowdown in Google Cloud’s performance, which did not meet the anticipated targets.
Furthermore, Alphabet’s ambitious capital expenditure plans have raised concerns among investors. The proposed $75 billion spending on Capex greatly exceeds the market’s expectations and introduces uncertainty about the company’s financial management. Although Alphabet is well-positioned to leverage opportunities in digital advertising, cloud services, and artificial intelligence, lingering issues such as antitrust challenges and competitive pressures add to the cautious outlook, justifying the Hold rating.
In another report released today, Wells Fargo also maintained a Hold rating on the stock with a $184.00 price target.