Firm lowers Alphabet on eroding Search growth

|About: Alphabet Inc. (GOOG)|By:, SA News Editor

MoffettNathanson lowers its Alphabet (GOOG -0.7%)(GOOGL -0.8%) PT to $1,250 from $1,290.

The firm notes a "concerning trend" showing U.S. Search revenue growth has "steadily" eroded over the past several years, which was "masked" by revenue acceleration in other Google businesses, including YouTube and Cloud.

MoffettNathanson cites its analysis of Google's Economic Impact reports.

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