Roth MKM lowered the firm’s price target on Alphabet (GOOGL) to $220 from $225 and keeps a Buy rating on the shares. The company reported a mixed bag Q4 earnings result with strength in Search and YouTube offset by a Cloud whiff, while its Google Services operating margin declined sequentially, the analyst tells investors in a research note. Roth adds that Cloud softness makes the firm “slightly cautious” ahead of Amazon (AMZN) earnings.
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