Truist Securities Maintains Buy on Alphabet, Lowers Price Target to $158-Report Released on 30 January 2024
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) but has reduced the price target from $160 to $158 as reported on January 30, 2024.

January 31, 2024 | 6:39 pm
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Truist Securities reaffirms a Buy rating on Alphabet Inc. but lowers the price target to $158, indicating a slight adjustment in valuation expectations.
The reduction in price target by Truist Securities is minor, suggesting a small adjustment in the expected valuation of Alphabet Inc. While the Buy rating is maintained, the lowered price target may slightly temper investor expectations for the stock's growth potential in the short term. However, the overall positive outlook remains unchanged, which is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100