Alphabet: Jefferies raises target price

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Alphabet shares, with a target price raised from $220 to $235, believing that the outlook looks positive as consumers, advertisers and businesses continue to spend.


The broker points to a 'win-win' publication, with revenues ahead of expectations across all segments, Cloud accelerating for a fourth quarter, and a better-than-expected operating margin despite ongoing investments.

Artificial intelligence is increasingly seen as a well-managed enabler, improving advertising effectiveness, attracting customers to the Cloud and improving internal efficiency, Jefferies adds.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.