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Benzinga
Benzinga
Business
Anusuya Lahiri

Morgan Stanley Bumps Up Alphabet Price By 7.2%

Nasdaq NYSE Morgan Stanley Google Comp SNAP Uber Brian Nowak Alphabet Inc Amazon.com Inc
  • Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8%.
  • Nowak updated his models and rolled forward valuations among his Internet sector coverage. 
  • Heading into 2022, Nowak said he remains positive on Uber Technologies Inc (NYSE:UBER), Meta Platforms Inc (NASDAQ:FB), Amazon.com Inc (NASDAQ:AMZN), Snap Inc (NYSE:SNAP), Roblox Corp (NYSE:RBLX), Compass Inc (NYSE:COMP), and Integral Ad Science Holding Corp (NASDAQ:IAS).
  • Price Action: GOOGL shares traded higher by 0.38% at $2,730.24 in the premarket session on the last check Wednesday.
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