alphabet inc Google reported weaker-than-expected earnings results for its third quarter after Tuesday’s closing bell.
Revenue from YouTube and the network declined year over year, bringing total Google Ads revenue to $54.48 billion, up from $53.13 billion a year earlier.
Alphabet shares fell 6.4% in premarket trading to $97.80.
These analysts changed their price targets for Alphabet after the company released quarterly earnings.
- key bank Alphabet price target lowered to $118 from $120. Keybanc analyst Justin Patterson maintained an overweight stance on the stock.
- Piper Sandler Alphabet’s price target was cut to $122 from $135. Piper Sandler’s analyst Thomas Champion maintained an overweight stance on the stock.
- Amber Alphabet price target lowered to $120 from $130. Bernstein analyst Mark Shmulik held the stock with an outperform.
- CreditSuisse lowered the price target on the stock to $128 from $134. Credit Suisse analyst Stephen Ju kept the stock outperforming.
- Citigroup Alphabet’s price target was cut to $120 from $140. Citigroup analyst Ronald Josey maintained a buy rating for the stock.
- JP Morgan Alphabet lowered its target price from $136 to $115. JP Morgan analyst Doug Anmuth kept the stock overweight.
- RBC capital Alphabet price target lowered to $130 from $135. RBC Capital analyst Brad Erickson kept the stock at an outperform.
- Mizuho lowered Alphabet’s price target to $140 from $150. Mizuho analyst James Lee kept the stock with a buy rating.
- Raymond James Alphabet lowered price target from $143 to $120. Raymond James analyst Aaron Kessler kept an Outperform rating on the stock.
- JMP Securities Share price target lowered to $145 from $160. JMP Securities analyst Andrew Boone held Alphabet as a market outperformer.
- rose petal lowering the price target on the stock from $156 to $130. Rosenblatt analyst Barton Crockett retained Alphabet with a buy.
- Truist Securities lowered…
