Alphabet shares are trading lower after UBS downgraded the stock from Buy to Neutral but raised its price target from $123 to $132.
Portfolio Pulse from Bill Haddad
Alphabet shares are trading lower after UBS downgraded the stock from Buy to Neutral but raised its price target from $123 to $132.
June 26, 2023 | 11:34 am
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NEGATIVE IMPACT
Alphabet's stock downgraded by UBS to Neutral, but price target raised from $123 to $132.
Alphabet's shares are trading lower due to the downgrade by UBS, which indicates a less optimistic outlook on the stock. However, the raised price target suggests that UBS still sees potential for growth in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100