Thu Apr 03 14:00:00 UTC 2025: ## Wells Fargo Cuts Alphabet Price Target Amid Search Concerns
**NEW YORK** – Wells Fargo analyst Ken Gawrelski lowered the firm’s price target for Alphabet (GOOG, GOOGL) to $167 from $184, maintaining an “Equal Weight” rating. While acknowledging the current low valuation and bearish investor sentiment might tempt a more bullish outlook, Wells Fargo remains cautious. The firm cited increasing conviction in its thesis that Alphabet’s search dominance is facing disruption, coupled with below-consensus earnings estimates, as reasons for its conservative stance.
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