Pivotal Research Raises Alphabet (GOOGL) Price Target, Maintains Buy Rating
On April 30, Pivotal Research raised its price target for Alphabet Inc. (NASDAQ:GOOGL) from $420 to $470 and maintained a 'Buy' rating following strong first-quarter results. Search revenue grew by 19% year-over-year—surpassing expectations—and cloud revenue increased by 63%, also exceeding forecasts.
Tickers: $GOOGL
Topics: AI Momentum Alphabet Cloud Growth GOOGL Pivotal Research