Wedbush raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $320 from $245 and keeps an Outperform rating on the shares. The firm notes Alphabet reported strong Q3 results across all segments. Revenue of $102.3B exceeded Street expectations for the quarter by about 2%, led by strong advertising trends and improving Cloud momentum. Google Search and YouTube delivered revenue growth in Q3 of +14.5% year-over-year and +15.0% year-over-year, respectively, with both segments exceeding expectations by 300bps.
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