Piper Sandler analyst Thomas Champion lowered the firm’s price target on Alphabet (GOOGL) to $208 from $210 and keeps an Overweight rating on the shares. The firm notes Google reported a mixed Q4 with 12% revenue growth slightly above Street, while EBITDA is slightly below. Results at YouTube/Search were strong, although Cloud and Subscriptions were weaker, Piper adds. The big surprise for FY25 was the CAPEX guide at about $75B versus Street at $58B.
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