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Alphabet stock rises premarket as analyst raises price target

Alphabet shares climbed in premarket trading after Evercore ISI analyst Mark Mahaney boosted his price objective.

GOOG

Wall Street is offering another vote of confidence in Alphabet Inc. (GOOGL, Financials), the parent company of Google and a major player in advertising, cloud computing and artificial intelligence. Shares rose in premarket trading after Evercore ISI analyst Mark Mahaney lifted his price objective.