Alphabet (GOOGL) PT Lowered to $1,350 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White lowered the price target on Alphabet (NASDAQ: GOOGL) to $1,350.00 (from $1,535.00) while maintaining a Buy rating.

The analyst commented, "Reflecting the current COVID-19 crisis and darkening economic landscape, we are lowering our estimates on Alphabet and trimming our 12-month price target to $1,350 from $1,535. Given the strong secular tailwind of digital advertising and a rapidly growing cloud business, not to mention an already sharp decline in Alphabet’s stock, we are maintaining our BUY rating."

You May Also Be Interested In

• Topgolf Callaway Brands (MODG) PT Raised to $13 at TD Cowen
• VerticalScope Holdings Inc (FORA:CN) PT Raised to Cdn$12 at CIBC
• Gritstone bio (GRTS) PT Lowered to $5 at Jones Trading