Credit Suisse analyst Stephen Ju lowered the firm’s price target on Alphabet to $135 from $136 and keeps an Outperform rating on the shares following quarterly results. The firm believes the most important takeaway is that downward revisions to Gross Revenue estimates "seem largely behind us," and despite the cyclical headwinds this is the second consecutive quarter in which its outlook does not materially change.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GOOGL:
- AI Revolution: Why These 3 FAANG Stocks are Poised for Success
- 3 Best Stocks to Buy Now, 4/26/2023, According to Top Analysts
- Alphabet (NASDAQ:GOOGL): Some Interesting Facts From the Q1 Earnings Report
- Alphabet price target raised to $130 from $125 at Evercore ISI
- Alphabet Inc. Class A Earnings Report: Did it Beat Expectations?