GOOGL Stock: $2,625 Target (Up From $2,353) By KeyBanc

By Amit Chowdhry ● April 20, 2021
  • The shares of Alphabet Inc (NASDAQ: GOOGL) have received a price target increase from $2,353 to $2,625 by KeyBanc. These are the details.

The shares of Alphabet Inc (NASDAQ: GOOGL) have received a price target increase from $2,353 to $2,625 by KeyBanc. And KeyBanc analyst Andy Hargreaves is maintaining an “Overweight” rating on the shares.

Hargreaves noted that he is expecting first quarter earnings and second quarter guidance to reinforce that advertising fundamentals are going to remain strong. And verticals harshly impacted by the COVID-19 pandemic have started to recover.

Plus Hargreaves believes that Alphabet is the least controversial stock into earnings given the recovery in Search. And Hargreaves noted that modest operating expense growth are also pointing to positive changes.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.