- Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc GOOG GOOGL shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8%.
- 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 UBER, Meta Platforms Inc FB, Amazon.com Inc AMZN, Snap Inc SNAP, Roblox Corp RBLX, Compass Inc COMP, and Integral Ad Science Holding Corp IAS.
- Price Action: GOOGL shares traded higher by 0.38% at $2,730.24 in the premarket session on the last check Wednesday.
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