Top Analyst Reaffirms 'Buy' on Google Stock, Despite Drop in YouTube Engagement
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Top analyst Boone reaffirms a 'Buy' rating on Google stock despite a 1.2% year-over-year drop in YouTube's global viewing time, attributed to competition from TikTok and Instagram. He remains optimistic about Alphabet's core business, highlighting strengths in digital ads, cloud services, and AI. Boone believes YouTube's engagement may recover with new formats and AI tools. GOOGL stock has a Strong Buy consensus rating, with a target price of $253.66, indicating a potential upside of 7.22%. Year-to-date, GOOGL stock has risen over 25.38%.
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