DA Davidson analyst Gil Luria raised the firm’s price target on Alphabet (GOOGL) to $200 from $190 and keeps a Neutral rating on the shares. The firm is adjusting its sum-of-parts model but also believes that the stock will continue trading at a discount to other mega-caps unless it becomes more aggressive in releasing value to shareholders through a break-up of the company, the analyst tells investors in a research note. Alphabet may have found itself with the most compelling alternative to NVIDIA (NVDA) GPUs, even though it does not appear to be aggressive enough pursuing the opportunity, the firm added.
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