Truist analyst Youssef Squali raised the firm’s price target on Alphabet to $160 from $122 and keeps a Buy rating on the shares after its Q2 earnings beat. The quarter reflected faster recovery for Search and YouTube and sustained momentum in Cloud as the management reigns in costs and focuses investments on the highest growth priorities, the analyst tells investors in a research note. Truist expects to see further growth acceleration in the second half of the year along with with improving margins.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GOOGL:
- VTI ETF’s Simple but Powerful Strategy is a Long-Term Winner
- Alphabet price target raised to $155 from $150 at Morgan Stanley
- Credit Suisse ups Alphabet price target to $151 following quarterly results
- Alphabet price target raised to $150 from $121 at JPMorgan
- Alphabet price target raised to $155 from $135 at Mizuho