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The sizable target reduction is bearish, although the new target still implies some upside from the posted price.
What happened, with direct paths to the underlying reporting
Piper Sandler cut its GOOGL price target by $55 to $345. The revised target remains above the posted $324.89 price, but the substantial reduction is a negative analyst revision.
Target: $345
Posted price: $324.89
Analyst firm: Piper Sandler
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