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Wedbush analysts, including Scott Devitt, have added Alphabet to their Best Ideas List, raising the price target to $175 from $160. They believe the perceived risks to Google Search are overstated and view Alphabet as a beneficiary of generative AI. Morgan Stanley also reiterates Alphabet as overweight, citing undervaluation compared to peers.
$GOOGL Wedbush reiterates Alphabet as outperform Wedbush added the stock to its best ideas list. “We are adding Alphabet to the Wedbush Best Ideas List (BIL) and are raising our TP to $175 from $160.”
$GOOGL Morgan Stanley reiterates Alphabet as overweight Morgan Stanley believes shares of Alphabet remain undervalued. “GOOGL also trades at a 24% discount to peers and 17% discount vs [long term] average.”
$AAPL Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should buy the dip in shares of Apple following the Justice Department and states’ lawsuit. “We believe the mkt is under-appreciating AAPL’s Edge AI initiatives, and see key catalysts ahead,…