Alphabet price target lowered to $160 from $186 at Tigress Financial

Tigress Financial analyst Ivan Feinseth lowered the firm’s price target on Alphabet to $160 from $186, citing a re-rating of valuation, and keeps a Strong Buy rating on the shares. Continued strength in Cloud and Search "highlight the resiliency of its core business lines," while ongoing investments in Artificial Intelligence and an increasing focus on cost and operating efficiencies should continue to drive further acceleration, contends Feinseth, who views near-term weakness as "a major buying opportunity."