Citizens Reaffirms Alphabet (GOOGL) Rating Amid YouTube Engagement Dip

Core Insights - Alphabet Inc. is recommended as a buy by Ray Dalio's Bridgewater Associates, with a price target of $290 set by Citizens ahead of the earnings report on October 29 [1][2] - A notable decline in YouTube's global time spent, down 1.2% year-over-year, marks the first drop since Citizens began tracking this metric [1][2] - The decline in YouTube engagement is attributed to increased competition from platforms like Instagram and TikTok, which saw an 8.7% year-over-year increase in global time spent [2] Company Overview - Alphabet Inc. operates as a global technology conglomerate through segments including Google Services, Google Cloud, and Other Bets, with core businesses such as Google Search, YouTube, Android, Chrome, and Google Cloud Platform [3]