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Alphabet Gets a Price Target Increase. Analysts Are Still Cautious.

Artificial intelligence has reigned supreme this year, boosting tech stocks higher. Wells Fargo analyst Ken Gawrelski increased his price target on Google’s Alphabet to $187 from $168, while maintaining an Equal Weight rating on the stock. While that is a solid increase in the price target, it still implies a 2% decrease from the stock’s closing price of $190.60 on Friday. Read More...

Artificial intelligence has reigned supreme this year, boosting tech stocks higher. Wells Fargo analyst Ken Gawrelski increased his price target on Google’s Alphabet to $187 from $168, while maintaining an Equal Weight rating on the stock. While that is a solid increase in the price target, it still implies a 2% decrease from the stock’s closing price of $190.60 on Friday.

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