Alphabet's AI Ambitions Are Pressuring Earnings, Analyst Says In Downgrade
Portfolio Pulse from Priya Nigam
Alphabet Inc (GOOGL, GOOG) has been downgraded by Bernstein from Outperform to Market Perform, maintaining a $125 price target. The downgrade is due to stiffening competition, a shift in market share to Meta Platforms Inc (META), and pressure on earnings from AI investments.
June 27, 2023 | 2:56 pm
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Bernstein downgraded Alphabet (GOOG) due to increased competition, market share shift to Meta Platforms (META), and pressure on earnings from AI investments.
The downgrade is based on increased competition in the retail media space, a shift in market share to Meta Platforms, and pressure on earnings from AI investments. These factors are likely to negatively impact Alphabet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bernstein downgraded Alphabet (GOOGL) due to increased competition, market share shift to Meta Platforms (META), and pressure on earnings from AI investments.
The downgrade is based on increased competition in the retail media space, a shift in market share to Meta Platforms, and pressure on earnings from AI investments. These factors are likely to negatively impact Alphabet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet's downgrade by Bernstein is partly due to a shift in market share to Meta Platforms Inc (META).
The downgrade of Alphabet is partly attributed to a shift in market share to Meta Platforms. This indicates that Meta may be gaining ground in the market, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50