Canaccord raised the firm’s price target on Alphabet (GOOGL) to $225 from $220 and keeps a Buy rating on the shares. The firm said they reported strong Q3 results that reflect broad-based business momentum, with Search and YouTube each growing in the low double-digits, while non-advertising revenue growth, including both Cloud as well as Subscriptions, Platforms, and Devices, accelerated meaningfully quarter-over-quarter.
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