Stifel Lowers Alphabet Price Target to $387

Stifel analyst Mark Kelley lowered the price target on Alphabet (NASDAQ: GOOGL) to $387.00 (from $395.00) while maintaining a Buy rating.

“Within our advertising coverage, we would be overweight the large platforms (GOOGL, META) that have the highest retention of budgets in times of uncertainty.

Between the two, we’re inclined to favor GOOGL (diverse business w/ Search, YouTube Advertising, and Cloud).”

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