BMO Capital Reiterates Outperform on Alphabet, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has reiterated an Outperform rating for Alphabet (NASDAQ:GOOGL) but has lowered the price target from $222 to $215.
October 09, 2024 | 2:05 pm
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BMO Capital has reiterated its Outperform rating for Alphabet but reduced the price target from $222 to $215, indicating a slightly less optimistic outlook.
The reiteration of the Outperform rating suggests continued confidence in Alphabet's performance, but the lowered price target indicates a slightly tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100