Market News

Alphabet’s (NASDAQ: GOOGL) CEO on the Defensive As Staff Meeting Heats Up

Alphabet’s (NASDAQ: GOOGL) CEO, Sundar Pichai found himself on the defensive this week in a staff meeting, according to CNBC.

The report stated that Pichai fielded some tough questions from staff including budget cuts when it comes to travel and entertainment, productivity management, and potential layoffs at the company.

When Pichai was asked about the budget cuts when it comes to travel and entertainment, he replied, “How do I say it? The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it’s important that as a company, we pull together to get through moments like this.”

Google, like other tech companies, is battling multiple macroeconomic headwinds including soaring inflation, rising interest rates, and reduced ad spending.

Is Google a Good Stock to Hold?

Analysts are bullish about the stock with a Strong Buy consensus rating based on 30 Buys and two Holds. The average price target for GOOGL is $142.91 implying an upside potential of 44.3%.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos