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Alphabet's stock surged after strong earnings and a buy recommendation from J.P. Morgan.
Alphabet's shares rose by up to 3.4% on January 5, buoyed by a positive note from J.P. Morgan analyst Doug Anmuth, who maintained a buy rating.
The company reported a strong quarter with earnings of $2.12 per share, beating estimates, and revenue of $88.27 billion.
Alphabet also declared a quarterly dividend of $0.20 per share.
Institutional investors continued to increase their holdings in the company, and analysts have a consensus "Moderate Buy" rating.
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Las acciones de Alphabet aumentaron tras fuertes ganancias y una recomendación de compra de J.P. Morgan.