Wall Street analyst updates Google stock price target

A Citizens analyst reaffirmed a constructive outlook on Alphabet (GOOGL) while noting near-term operational challenges in its autonomous driving unit that could temper near-term growth and margin expectations. The note maintains a positive view on Alphabet's broader fundamentals and innovation pipeline but advises caution on timing and revenue contributions from the AV business, implying limited near-term upside for that segment.

Analysis

A Citizens analyst reaffirmed a constructive outlook on Alphabet (GOOGL) while noting near-term operational challenges in its autonomous driving unit that could temper near-term growth and margin expectations. The note maintains a positive view on Alphabet's broader fundamentals and innovation pipeline but advises caution on timing and revenue contributions from the AV business, implying limited near-term upside for that segment.