Citigroup Maintains Buy on Alphabet, Raises Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey has reaffirmed a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) and increased the price target from $153 to $168. This adjustment reflects Citigroup's continued confidence in Alphabet's performance and future prospects.
January 31, 2024 | 7:21 pm
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Citigroup analyst Ronald Josey has maintained a Buy rating on Alphabet and raised the price target to $168, indicating a positive outlook for the company's stock.
The increase in price target by a reputable analyst like Ronald Josey from Citigroup typically suggests a strong conviction in the company's future growth and profitability. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
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