Alphabet price target raised to $300 from $260 at JPMorgan

JPMorgan analyst Brent Thill raised the firm’s price target on Alphabet (GOOGL) (GOOG) to $300 from $260 and keeps an Overweight rating on the shares. The favorable outcome in the Department of Justice search agreement trial “removed a major overhang,” but Google is also delivering strong financial performance and innovating at the leading edge of artificial intelligence, the analyst tells investors in a research note. The firm says that while Alphabet’s multiple discount to Meta has now closed, there remains “a lot to like about” Google. JPMorgan beeves the shares “can go meaningfully higher from current levels.”