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Analysts rework Google stock price targets after earnings shock

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The cost of that advancement, however, has been significant, with Google spending more than $52 billion last year on new data centers and servers and purchasing AI-powering chips
The article from MSN discusses the reactions of analysts to Google's recent earnings report, which was described as a "shock" due to its underwhelming performance. Following the earnings release, several analysts adjusted their price targets for Alphabet Inc., Google's parent company. Notably, there was a mix of reactions: some analysts lowered their price targets citing concerns over Google's cloud business growth and advertising revenue, while others maintained or slightly increased their targets, focusing on Google's long-term potential in AI and other tech innovations. The consensus seems to be that while the immediate results were disappointing, Google's strategic moves in AI and other areas could still drive future growth. However, the immediate market response was negative, with Google's stock price experiencing a significant drop post-earnings.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/analysts-rewozillok-google-stock-price-targets-after-earnings-shock/ar-AA1ysSVR ]