JPMorgan analyst Doug Anmuth raised the firm’s price target on Alphabet (GOOGL) (GOOG) to $200 from $195 and keeps an Overweight rating on the shares. The firm updated estimates and price targets in the internet space as part of a Q2 earnings preview. Estimate increases reflect better channel checks and favorable currency moves while higher share multiples reflect lower recession risk, the analyst tells investors in a research note.
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