DA Davidson analyst Gil Luria raised the firm’s price target on Alphabet (GOOGL) to $180 from $160 and keeps a Neutral rating on the shares. Alphabet’s Q2 earnings were better than expected with an acceleration in revenue across the board, the analyst tells investors in a research note. The firm continues to believe that a breakup of the business would allow investors to own the components they want while unlocking additional shareholder value that is not currently reflected in the combined entity.
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:
- Google parent Alphabet (GOOGL) Continues to Soar as Analysts Cheer Its Earnings Beat
- Alphabet price target raised to $225 from $220 at Susquehanna
- Alphabet price target raised to $220 from $210 at Needham
- CME Group price target raised to $303 from $300 at Oppenheimer
- Alphabet price target raised to $235 from $220 at Oppenheimer