Alphabet (GOOGL) PT Raised to $3,500 at Monness, Crespi, Hardt
Monness, Crespi, Hardt analyst Brian White raised the price target on Alphabet (NASDAQ: GOOGL) to $3,500.00 (from $3,000.00) while maintaining a Buy rating.
The analyst commented, "Last night, Alphabet reported excellent 2Q:21 results and we expect the momentum to continue this year. We believe Alphabet is well positioned for a continued recovery in digital ad spending and further monetization of younger initiatives; however, we anticipate antitrust investigations to carry on with great fanfare. We are increasing our estimates and raising our 12-month price target to $3,500 from $3,000."