UBS analyst Stephen Ju lowered the firm’s price target on Alphabet (GOOGL) to $209 from $211 and keeps a Neutral rating on the shares. Google offered capital expenditure guidance of $75B for 2025, leaving the return on invested capital debate to take center stage once again, and leaving investors to ask what new products will be emerging to warrant the higher level of investment, the analyst says. The firm continues to believe that Google’s multiple will remain under pressure due to unresolved regulatory issues and prospects for market share loss in its most important franchise.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- AI’s Billion-Dollar Gamble: Is the AI Boom Sustainable or a Market Bubble?
- Alphabet price target lowered to $208 from $210 at Piper Sandler
- Alphabet price target lowered to $220 from $232 at JPMorgan
- EU Trains “Bazooka” on U.S. Tech Stocks with GOOGL, META in Firing Line
- China looking at launching formal probe into Intel, FT reports