Alphabet: Jefferies remains Buy after Wiz deal

(CercleFinance.com) - Alphabet has announced that it has signed an agreement to acquire cloud security platform Wiz for $32 billion.
Following this announcement, Jefferies confirms its Buy recommendation, with an unchanged price target of $235.

'Wiz will help secure the future of Google Cloud and enhance Google Cloud's cloud security offerings' says Jefferies.

WIZ is Google's largest-ever transaction, with a cash price of $32 billion (using a third of its $96 billion gross cash position)' adds the analyst firm.

Jeffereies points out that the planned closing in 2026 incorporates a lengthy regulatory review given the fragmented landscape of the security software market.

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