Alphabet price target raised to $205 from $190 at Morgan Stanley
The Fly

Alphabet price target raised to $205 from $190 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $205 from $190 and keeps an Overweight rating on the shares following a quarter in which Search showcased durability, YouTube was better than expected and “expense discipline shined.” The company’s disclosure about multiple emerging products and adoption/engagement/ monetization signals “should give the market more confidence in long-term positioning,” the analyst tells investors in a post-earnings note.

Don't Miss out on Research Tools:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App