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.
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