Oppenheimer Maintains Outperform on Alphabet, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Jason Helfstein maintains an Outperform rating on Alphabet (NASDAQ:GOOG) but lowers the price target from $210 to $185.
September 25, 2024 | 12:34 pm
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Oppenheimer has maintained its Outperform rating on Alphabet but has lowered the price target from $210 to $185, indicating a more conservative outlook.
The maintenance of an Outperform rating suggests continued confidence in Alphabet's performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100