Morgan Stanley Bumps Up Alphabet Price by 7.2 Percent

Morgan Stanley Bumps Up Alphabet Price by 7.2 Percent
The logo for Google LLC is seen at their office building in Manhattan, New York, on Nov. 17, 2021. Andrew Kelly/Reuters
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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.