Guggenheim raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $210 from $190 and keeps a Buy rating on the shares ahead of Q2 earnings. The firm, which raised its overall revenue forecast by 1% to reflect constructive intra-quarter advertiser checks that strengthened during the quarter and a positive foreign exchange impact from the weaker U.S. dollar, expects revenue growth to exceed consensus estimates, led by a double-digit increase at Search and Other, the analyst tells investors in a preview.
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