Piper Sandler raised the firm’s price target on Alphabet to $200 from $160 and keeps an Overweight rating on the shares. Alphabet’s Q1 results were strong with Search growth of 14% year over year, and YouTube and Cloud also beat and accelerated, the analyst tells investors in a research note. Operating margin was also strong and demonstrated progress with the cost structure, Piper says, leading to all-around impressive results.
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