JPMorgan Raises Alphabet Price Target to $425 From $420
JPMorgan analyst Doug Anmuth raised his target, citing Google Cloud growth. Alphabet shares were up approximately 0.6% at $345.70 at 10:58 a.m. ET on October 15.
Google parent Alphabet NASDAQ:GOOG traded at $345.70, up approximately 0.6%, at 10:58 a.m. ET on October 15, despite fresh analyst backing for its cloud business. According to Barron's, JPMorgan analyst Doug Anmuth lifted his price target to $425 from $420, pointing to Google Cloud's growth. The bi…