Rosenblatt cuts Alphabet stock to Neutral on 'multiple areas of transitional risk'
) stock from Buy to Neutral, citing “multiple areas of transitional risk that recommend stepping back for a little while to see how the company handles it.”
Furthermore, the shift of search ad revenue to retail media networks is expected to accelerate as retailers like Walmart (NYSE: “We also see risk that competitive dynamics push Alphabet into a higher-than-anticipated capex spending cycle for AI,” analysts said in a note.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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