Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Alphabet to $202 from $164 and keeps a Buy rating on the shares. The company reported a clean beat Q1 that was driven by accelerating growth in all key segments – Search, Cloud, and YouTube, the analyst tells investors in a research note. Core Google Services operating margin also hit almost 40% – a multi-year high – as the management’s 15-month-long cost efficiencies have started to bear fruit, the firm added.
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