Alphabet price target raised to $170 from $150 at Susquehanna

Susquehanna analyst Shyam Patil raised the firm’s price target on Alphabet to $170 from $150 and keeps a Positive rating on the shares. The firm noted the company reported 4Q with Sites revenue accelerating slightly, reflecting the continued improvement in the digital ad environment, though it may not have been “good enough” given elevated investor expectations but fundamentally, Susquehanna believes the business remains strong.