Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc. shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8 percent.
Nowak updated his models and rolled forward valuations among his Internet sector coverage.
Heading into 2022, Nowak said he remains positive on Uber Technologies Inc., Meta Platforms Inc., Amazon.com Inc., Snap Inc., Roblox Corp., Compass Inc., and Integral Ad Science Holding Corp.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
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