Alphabet Stock Price Target Raised to $270 After Favorable Antitrust Ruling by Canaccord
Canaccord Genuity has upgraded the stock price target for Alphabet to $270 from $230, keeping a Buy recommendation on the tech giant. The development comes after a favorable ruling on the ongoing Google-DOJ antitrust case, which analysts have been calling “relatively lenient” with respect to the expectations. As per the InvestingPro data, Alphabet shares ended the day at $230.66, bringing the company’s market cap to $2.79 trillion and marking an impressive growth of 48% year to date.
Sense of Relief
On Tuesday, Judge Amit Mehta solidified his decision on providing some remedies that saved Google from the worst-case outcomes. The most important progress in this…
