- The shares of Alphabet (NASDAQ: GOOGL) have received a price target increase from $2,500 to $2,800. These are the details.
The shares of Alphabet (NASDAQ: GOOGL) have received a price target increase from $2,500 to $2,800. And Argus analyst Joseph Bonner is maintaining a “Buy” rating on the company shares.
Bonner noted that the first quarter results for the company beat expectations due to easy prior-year comparisons and ad revenue showing strong momentum.
However, Bonner has concerns over Alphabet facing multiple antitrust lawsuits along with “regulatory rancor.” Regardless, Bonner raised Alphabet’s GAAP EPS view from $67.78 to $86.11.
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