Alphabet price target raised to $205 from $200 at Evercore ISI

Evercore ISI raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $205 from $200 and keeps an Outperform rating on the shares following what the firm calls “a Solid Beat Q3 print.” Q3 revenue performance came in above the Street across segments and operating margin was solidly higher than expectations, notes the analyst. While still concerned by risks related to the DOJ Search trial, the firm thinks Alphabet is “making a compelling case for the company’s continued leadership in the AI era,” the analyst tells investors.