Roth MKM lowered the firm’s price target on Alphabet to $164 from $166 but keeps a Buy rating on the shares. The company’s Q4 results were “mixed”, with healthy YouTube and Cloud segment results offset by softness in Search, coupled with lower operating margins, the analyst tells investors in a research note. While the management didn’t specifically comment on macro, supply chain or any Middle East war-related headwinds, they highlighted strength in the Retail sector, the firm adds.
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