Wells Fargo raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $177 from $175 and keeps an Equal Weight rating on the shares. The firm expects Q2 reported search revenues and paid clicks to reaccelerate, providing temporary relief to competition and disruption narrative. Wells says fear is logical around DOJ search trial remedies — expected the first half of August — but places low probabilities on worst-case outcomes.
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>>
Read More on GOOGL:
- Garmin smartwatches add directions with Google Maps
- Epic Games reaches settlement with Samsung, The Verge reports
- Cautious Outlook on Alphabet Class A: Hold Rating Amid Growth Concerns and Antitrust Uncertainties
- 3 Quantum Computing Stocks with Potential to Beat the Market – 7/7/2025
- Meta poaches Apple’s top AI models executive, Bloomberg reports