Alphabet (GOOGL) PT Raised to $2,500 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on Alphabet (NASDAQ: GOOGL) to $2,500.00 (from $2,000.00) while maintaining a Buy rating.

The analyst commented, "Alphabet reported excellent 4Q:20 results on the back of a strong rebound in digital advertising, combined with continued momentum in Google Cloud and Google Play. We anticipate antitrust investigations to carry on with great fanfare this year and consumer privacy initiatives to grow; however, we believe the stock reflects these risks and Alphabet is worth more broken up than at its current valuation. We are raising our estimates and increasing our 12-month price target to $2,500 from $2,000."

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