Truist keeps a Buy rating and $225 price target on Alphabet (GOOGL) ahead of its Q4 results on February 4th. The firm believes that the company will report “in line with consensus”, generating revenue growth up double-digits with solid user engagement across Search and YouTube and sustained performance in Cloud, the analyst tells investors in a research note. Conversations with ad agencies suggest Q3’s momentum was sustained into Q4 across Search and YT, fueled by growth in Health, CPG, Retail and Political, Truist added.
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