Oppenheimer raised the firm’s price target on Alphabet (GOOGL) (GOOG) to $215 from $185 and keeps an Outperform rating on the shares following quarterly results. The firm notes Alphabet delivered upside across all segments, belaying fears of tough comps, and with AI driving search upside and margins, revenue 2%/1% above Opco/Street and Services margins 221bps/233bps ahead.
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Read More on GOOG:
- Alphabet price target raised to $205 from $200 at Evercore ISI
- Alphabet price target raised to $235 from $220 at Jefferies
- Alphabet price target raised to $215 from $200 at KeyBanc
- Alphabet price target raised to $225 from $220 at Canaccord
- Alphabet price target raised to $192 from $187 at UBS
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