Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Alphabet to $195 from $185 and keeps a Buy rating on the shares following the Q1 report. Search and YouTube revenue were solidly ahead of forecasts as Google’s broader ad ecosystem benefited from a strong end demand environment and continued to demonstrate product innovation, the analyst tells investors in a research note. The firm views Alphabet as a well positioned with respect to the current computing landscape.
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