Wed, February 5, 2025
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KeyBanc cuts Alphabet stock price target to $220
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KeyBanc cuts Alphabet stock price target to $220

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KeyBanc Capital Markets adjusted its price target for Alphabet (NASDAQ:GOOGL) stock, the parent company of Google, to $220 from the previous target of $225. The firm maintained its Overweight rating on the shares despite the reduction.
KeyBanc Capital Markets has revised its price target for Alphabet Inc. (GOOGL) from $230 to $220, as reported by MSN Money. This adjustment reflects concerns over the company's advertising revenue, which has been underperforming. Despite this, KeyBanc maintains an Overweight rating on Alphabet's stock, suggesting a belief in the company's long-term growth potential. The article also mentions that Alphabet's stock has experienced a year-to-date increase of 46%, indicating strong market performance despite the lowered price target. This news comes amidst broader market analyses and expectations regarding tech giants' earnings and market conditions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/keybanc-cuts-alphabet-stock-price-target-to-220/ar-AA1yrAXg ]