Piper Sandler Reiterates Overweight on Alphabet, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Thomas Champion maintains an Overweight rating on Alphabet (NASDAQ:GOOGL) but lowers the price target from $206 to $200.
September 10, 2024 | 2:21 pm
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Piper Sandler maintains an Overweight rating on Alphabet but reduces the price target from $206 to $200, indicating a slightly less optimistic outlook.
The reiteration of an Overweight rating suggests continued confidence in Alphabet's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100