GOOG Stock On Track To Erase Over $600B In Market Value In A Month — Analysts Flag Search Slowdown, Margin Pressure
Google stock slumped following disappointing third-quarter earnings, prompting several analysts to lower their price targets despite strong Google Cloud growth. Alphabet’s third-quarter revenue grew 25% to $127.6 billion but missed expectations of $128.2 billion. Google Search revenue growth slowed to 12% in Q3 from 17% in the previous quarter. Nine brokerages lowered their price targets … Read more