Oppenheimer raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $270 from $235 and keeps an Outperform rating on the shares. The firm said the DOJ monopoly remedy is the best case outcome and removes the medium-term overhang on valuation/sentiment. Most importantly, Alphabet will not divest Chrome/Android and can continue to pay Apple (AAPL) for Search users, the analyst tells investors in a research note, adding that Google and Apple can now also partner on AI.
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