Alphabet Completes Stock Split, Persisting Headwinds are a Killjoy

Alphabet’s CFO, Ruth Porat, warned during the Q1 conference call that the company is up against tough year-over-year comparisons.

Meanwhile, the ongoing macro headwinds will likely impact ad revenues in Q2.

Also, adverse currency movement and the suspension of its major activities in Russia will likely affect its growth.

Echoing similar sentiments, Monness analyst Brian White reduced his estimates and price target for GOOGL.