Reported 29 days ago
JPMorgan has reaffirmed its Overweight rating and $232 price target for Alphabet Inc. (GOOGL), citing it as one of the top stocks for investment in the coming months. This comes amid discussions about an impending court ruling related to the company's search commercial agreement, which has created some legal uncertainty. Despite a muted stock response after its recent quarterly results, JPMorgan emphasized a strong outlook for Alphabet, labeling its performance as 'defining' despite the surrounding legal challenges.
Source: YAHOO