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Alphabet's stock gains traction as revenue and earnings beat expectations, analysts raise price targets.
Alphabet Inc., the parent company of Google, saw its stock gain popularity among institutional investors during the fourth quarter, with several increasing their holdings.
A recent earnings report showed a 15.1% revenue increase year-over-year, with earnings per share of $2.12, surpassing analyst expectations.
The stock's price target has been raised by multiple analysts, with a consensus "Moderate Buy" rating and a price target of $208.15.
Alphabet also announced a quarterly dividend of $0.20 per share.
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Las acciones de Alphabet ganan tracción a medida que los ingresos y ganancias superan las expectativas, los analistas elevan los objetivos de precios.