Piper Sandler lowered the firm’s price target on Alphabet (GOOG) (GOOGL) to $185 from $208 and keeps an Overweight rating on the shares. Alphabet may be a port in the storm in digital ads given scale, but recent share data has not been positive and the firm’s Ad buyer had a mixed report, Piper says. For Q1, the firm is looking for $88.2B in revenue. Its topline forecast is 1% below consensus versus Op Income of $29.1B where it is 1% ahead. Piper lowered its 2025/2026 Revenue estimate 1% and 2%, respectively.
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