Morgan Stanley has adjusted its price target for Alphabet (GOOGL), reducing it to $185 from the previous $210, while maintaining an Overweight rating. This revision comes alongside a broader reevaluation of projections for North American internet stocks.
The firm has lowered its revenue estimates for Alphabet by approximately 2% for the fiscal years 2025 and 2026. This adjustment translates into a roughly 4% decrease in expected earnings per share (EPS), with projections now modeling around $10 in EPS for fiscal year 2026.
These changes reflect a more cautious outlook as Morgan Stanley reassesses performance expectations across the internet sector, indicating potential challenges in the market landscape.
