Alphabet (GOOGL) PT Raised to $205 at Evercore ISI
Evercore ISI analyst Mark Mahaney raised the price target on Alphabet (NASDAQ: GOOGL) to $205.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "Our View: We reiterate our Outperform on GOOGL in the wake of a Solid Beat Q3 print, and modestly raise our PT to $205 from $200 prior. Q3 Revenue performance came in above the Street across segments and Op Margin was solidly higher than expectations. While we remain concerned by risks related to the DOJ Search trial, we think GOOGL is making a compelling case for the company’s continued leadership in the AI era, helping to address one key element of the bear case around the company’s “terminal” value. With this note, we are closing our TAP Outperform call."