Scotiabank raised the firm’s price target on Alphabet (GOOG) to $240 from $212 and keeps an Outperform rating on the shares. For the large-cap internet names under Scotiabank’s coverage, the firm expects consistent demand trends throughout 2025 but sees limited room for a beat-and-raise in Q4 of 2024, the analyst tells investors. Additionally, tough Q1 comparables will likely limit upside, the firm adds.
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