Kaushik's avatar
$13.5m follower assets
$GOOGL to $2,636 at BofA Securities
We are lowering 2Q consolidated net revenue (ex-TAC) by 1% to $58.2bn from $58.6bn for FX, lowering 2H’22 revenues and lowering 2023 revenues by 6% to $269bn.We are lowing 2Q EPS to $24.80 from $25.97 as we cut other income due to potential investment write-downs. For 2023 EPS, key for valuation, we lower our estimates by 7% to $121.27 from $129.83 as we assume some expense growth moderation."
Rihard Jarc's avatar
Lowering price targets because of "potential investment write-downs"...the world of analysts has gone crazy far in the wrong direction...