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Truist lowers Alphabet's price target but maintains a "buy" rating as the company reports strong earnings.
Truist Financial lowered its price target for Alphabet to $200, indicating a 32.38% potential upside, while maintaining a "buy" rating.
Alphabet reported a strong quarter with earnings per share of $2.15, beating analysts' estimates.
The company's stock has a market cap of $1.84 trillion and an average rating of "Moderate Buy."
Sundar Pichai, Alphabet's CEO, recently sold 32,500 shares, reducing his ownership by 1.20%.
Institutional investors have been adjusting their stakes, with some reducing holdings and others increasing their positions.
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Truist reduce el precio objetivo de Alphabet, pero mantiene una calificación de "compra" mientras la compañía reporta sólidas ganancias.