JMP Securities Maintains Market Outperform on Alphabet, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone maintains a Market Outperform rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $138 to $140.
October 25, 2023 | 2:39 pm
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POSITIVE IMPACT
Alphabet's price target has been raised from $138 to $140 by JMP Securities, maintaining a Market Outperform rating.
The news of JMP Securities raising the price target for Alphabet and maintaining a Market Outperform rating is likely to have a positive impact on the stock. Investors often view such upgrades as a sign of confidence in the company's future performance, which can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100