Get all your news in one place.
100’s of premium titles.
One app.
Start reading
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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Traeger vs Masterbuilt: battle of the best smokers
Two leading smoker manufacturers go head to head for Pit Master supremacy
T3
T3
Friendships, problem-solving: How video games are helping U.S. teens
But they also admit to problems like bad sleep habits and cyberbullying.
Axios
Axios
Hilary Duff's calming outdoor living room celebrates simple, understated luxury – it's a huge trend for 2024
The modern patio set up at the actress's home creates the perfect space for family time with beautiful, naturally opulent design
Homes & Gardens
Homes & Gardens
Saturday Night Live: Maya Rudolph can’t save below average episode
Former cast member makes for reliably funny host but an embarrassingly sentimental opener sets things off on a bum note
The Guardian - US
The Guardian - US
#FreeBritney movement resurges after star’s hotel fight sparks conservatorship fears
The costs of fame in the US are playing out for the singer as specter of return to an old, unhappy chapter of life looms
The Guardian - US
The Guardian - US
Carnival Cruise Line shares a big smoking rule decision
The cruise line has responded to passenger requests to change its smoking rules.
The Street
The Street
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play