JMP Securities raised the firm’s price target on Alphabet to $200 from $160 and keeps an Outperform rating on the shares. Alphabet reported better-than-expected Q1 results, with revenue 2.5% above consensus as Search and YouTube revenue growth both accelerated for the fifth quarter in a row, while Cloud revenue growth accelerated for the second quarter in a row, and operating income came in 15% above consensus, the analyst tells investors in a research note.
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