Cantor Fitzgerald initiated coverage of Alphabet with a Neutral rating and $190 price target. While the analyst believes Alphabet should remain “a core holding in a growth-oriented TMT portfolio,” the firm sees limited upside to both Street estimates and valuation multiples in the next 12-18 months. FY25 EPS growth is likely to face headwinds from accelerating infrastructure costs and headcount additions, the analyst added.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- StockTok: DOJ vows to stop pressuring social media companies to censor content
- Wells says Seagate comments suggest HAMR cloud qualification could be pushed out
- DOJ unveils social media strategy to handle foreign threats, Bloomberg says
- BlackRock Loads Up on AMD and Alphabet Shares
- Macquarie sees upside for ad tech companies if Alphabet loses court battle