KeyBanc raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $300 from $265 and keeps an Overweight rating on the shares. The firm believes Q3 results should show that faster product velocity is driving momentum in Search, Cloud, and Waymo. Further, Alphabet’s valuation does not appear demanding, with shares trading at a 1.5x next twelve months price-to-earnings premium to the S&P 500.
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