JPMorgan raised the firm’s price target on Alphabet (GOOG) to $212 from $208 and keeps an Overweight rating on the shares post the Q3 report. The standouts were Google’s increased confidence in its artificial intelligence search rollout, strong Google Cloud acceleration and margin expansion, and operating profit upside with continued commitment to re-engineer the cost structure under new CFO Anat Ashkenazi, the analyst tells investors in a research note. The firm remains positive on the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GOOG:
- Alphabet Inc. Reports Robust Q3 2024 Growth
- Alphabet price target raised to $220 from $200 at Barclays
- Alphabet price target raised to $225 from $215 at Pivotal Research
- Alphabet upgraded to Buy from Neutral at Seaport Research
- Closing Bell Movers: Alphabet up over 5% on Q3 earnings beat
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
