Alphabet (GOOGL) PT Raised to 'Street High' $2,250 at Canaccord Genuity Into Q4 EPS

January 25, 2021 8:24 AM EST
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Canaccord Genuity analyst Maria Ripps raised the price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to a 'Street High' $2,250.00 (from $2,050.00) while maintaining a Buy rating into earnings.

The analyst commented, "We hosted a call with Michael Kaushansky, EVP, Chief Data Officer, and President of Havas
Helia & Chief Data Officer (North America) at Havas Media. Digital advertising spend continues to steadily rebound following the sharp budget dislocation that took place at the onset of the pandemic, with the pace of the recovery varying by industry and platform. eCommerce continues to drive ad spend both on Social (Facebook, Instagram, and Snap) and Search (Google, Amazon), and this strength is not expected to decelerate in the near term."

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