KeyBanc analyst Justin Patterson raised the firm’s price target on Alphabet to $200 from $175 and keeps an Overweight rating on the shares. Alphabet reported a solid Q1, with accelerating Search growth, material EPS upside, and the long-awaited dividend, the analyst tells investors in a research note. The firm came away from the earnings report more confident in a two-year EPS compound annual growth rate of more than 20% through 2025E.
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