Alphabet Completes Stock Split, Persisting Headwinds are a Killjoy

TipRanks2022-07-19

Story HighlightsAlphabet completed its 20-for-1 stock split. The ongoing headwinds could hurt ad spending and business growth.Alphabet (NASDAQ: GOOGL), like the majority of its tech peers, has ...

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Comments

Pluto891
2022-07-19
Pluto891
down
Maverick75
2022-07-19
Maverick75
Waiting till Thursday before the closing bell...
Looyusooi
2022-07-19
Looyusooi
Ok
慢的老人
2022-07-19
慢的老人
Worth a Google at these prices [LOL]
ZhejiangKiwi
2022-07-19
ZhejiangKiwi
Is it normal to split too expensive stocks into more smaller ones to attract investors?
Samuel123win
2022-07-19
Samuel123win
G

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The ongoing headwinds could hurt ad spending and business growth.Alphabet (NASDAQ: GOOGL), like the majority of its tech peers, has ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/alphabet-completes-stock-split-persisting-headwinds-are-a-killjoy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOGL","symbol_name":"谷歌A","start_time":0,"source_url":"https://www.tipranks.com/news/article/alphabet-completes-stock-split-persisting-headwinds-are-a-killjoy/","article_id":"1131409546","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/alphabet-completes-stock-split-persisting-headwinds-are-a-killjoy/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1131409546","pubTimestamp":1658196309,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Story HighlightsAlphabet completed its 20-for-1 stock split. 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Also, adverse currency movement and the suspension of its major activities in Russia will likely affect its growth.Echoing similar sentiments, Monness analyst Brian White reduced his estimates and price target for GOOGL.White stated that the weakening of the global economy and the challenging geopolitical backdrop could hurt digital ad spending this year. The analyst added, “In this environment, we believe cloud spending will also be held hostage to a more challenging environment, albeit still growing at a respectable rate. As such, we are lowering our estimates on Alphabet.”White reduced GOOGL’s price target to $145 but maintained a Buy recommendation. He expects GOOGL to emerge stronger from the challenges and gain from the “long-term digital ad trends, experience healthy secular growth in the cloud, and repurchase stock at a generous pace.”Including White, GOOGL stock has received 29 unanimous Buy recommendations for a Strong Buy rating consensus. 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