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Benzinga
120 days

Google Parent Alphabet's Topline Can Withstand Pressure In Uncertain Macro Scenario Compared To Peers: Analyst

1. BofA maintains Buy rating on GOOG with a price target of $185. 2. First-quarter revenue expected at $74.1 billion, below Street's estimate. 3. Elevated competitive concerns exist due to tariff impacts and AI competitor growth. 4. Expectations for search growth have been lowered to 7-8% amidst uncertainty. 5. Positive eCommerce ad spend expected; GOOG shows resilience compared to peers.

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FAQ

Why Bullish?

Despite lowered forecasts, Buy rating and strong fundamentals provide support. Erasing fears can yield upside potential.

How important is it?

Analyst's rating and forecasts are significant given current market climate and competition.

Why Short Term?

Earnings season starting soon may yield immediate price movements based on results.

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