Alphabet: adjusted price target at Jefferies


(CercleFinance.com) – Jefferies reaffirms its ‘buy’ recommendation on Alphabet with an adjusted price target of 175 to 180 dollars, pending the first quarter results of the technology group which notably operates Google and YouTube.

‘We would remain long Alphabet into the second half as we see it rising on improving momentum in the core advertising business and as visibility improves for the eventual (2025?) tailwind of AI’, he says.

For the first quarter, the broker expects a slight increase in advertising segments and online cloud revenues, although the stock’s 12% rise since the start of the year already reflects optimistic assessments. .

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