Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

Here's Why BofA Remains Bullish On Alphabet

Alphabet BofA Google Justin Post Alphabet Inc Morgan Stanley YouTube Shorts

BofA analyst Justin Post raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) to $3,470 from $3,210 and reiterated a Buy rating on the shares. The price target implies an upside of 27%.
The analyst expects deceleration in 2022 versus the 41% estimated search growth in 2021. However, he thinks Google is still early in applying artificial intelligence and machine learning technology across its ad stack.
Related Content: Morgan Stanley Bumps Up Alphabet Price By 7.2%
These new initiatives, such as Performance Max, "can continue to drive healthy search revenue growth," Post notes.
In addition, traction for YouTube Shorts "appears strong," adds the analyst. Post believes the estimated YouTube monetization of $10.92 per user "still seams early" and should benefit from the ongoing decline in TV ratings and shift in spending.
Price Action: GOOGL shares traded higher by 0.01% at $2,720.11 on the last check Wednesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

France Announces New Government To Address Budget Challenges

France Announces New Government To Address Budget Challenges

France's new government, led by Prime Minister Francois Bayrou, tackles budget challenges and political instability with a diverse team.

US Senate finds Commerce Department’s efforts to enact bans and sanction “inadequate” — investigation finds agency underfunded, must rely on voluntary compliance by chipmakers

US Senate finds Commerce Department’s efforts to enact bans and sanction “inadequate” — investigation finds agency underfunded, must rely on voluntary compliance by chipmakers

The U.S. Senate found that the Department of Commerce isn't effective in enforcing Washington's bans and sanctions due to lack of funding.

Tom’s Hardware

Seven-year-old boy begins open-heart surgery after being hit in Florida drone show

Seven-year-old boy begins open-heart surgery after being hit in Florida drone show

Several aircraft fell and collided into the crowd at an holiday event in Orlando, leading to Alexander’s hospitalization

The Guardian - US

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

These payments will be automatically sent to eligible taxpayers by the end of the month

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Dozens of MPs in Justin Trudeau’s Liberal party agree prime minister should resign

Dozens of MPs in Justin Trudeau’s Liberal party agree prime minister should resign

Core of the Liberals have abandoned Canada’s prime minister after last week’s resignation of his deputy

The Guardian - US

Saudi Arabia ‘had asked for extradition’ of suspect in Magdeburg attack

Saudi Arabia ‘had asked for extradition’ of suspect in Magdeburg attack

Riyadh warned Germany many times about danger posed by Taleb Jawad al-Abdulmohsen, source says

The Guardian - UK

Related Stories

Top stories on inkl right now

France Announces New Government To Address Budget Challenges

France Announces New Government To Address Budget Challenges

France's new government, led by Prime Minister Francois Bayrou, tackles budget challenges and political instability with a diverse team.

US Senate finds Commerce Department’s efforts to enact bans and sanction “inadequate” — investigation finds agency underfunded, must rely on voluntary compliance by chipmakers

US Senate finds Commerce Department’s efforts to enact bans and sanction “inadequate” — investigation finds agency underfunded, must rely on voluntary compliance by chipmakers

The U.S. Senate found that the Department of Commerce isn't effective in enforcing Washington's bans and sanctions due to lack of funding.

Tom’s Hardware

Seven-year-old boy begins open-heart surgery after being hit in Florida drone show

Seven-year-old boy begins open-heart surgery after being hit in Florida drone show

Several aircraft fell and collided into the crowd at an holiday event in Orlando, leading to Alexander’s hospitalization

The Guardian - US

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

These payments will be automatically sent to eligible taxpayers by the end of the month

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Dozens of MPs in Justin Trudeau’s Liberal party agree prime minister should resign

Dozens of MPs in Justin Trudeau’s Liberal party agree prime minister should resign

Core of the Liberals have abandoned Canada’s prime minister after last week’s resignation of his deputy

The Guardian - US

Saudi Arabia ‘had asked for extradition’ of suspect in Magdeburg attack

Saudi Arabia ‘had asked for extradition’ of suspect in Magdeburg attack

Riyadh warned Germany many times about danger posed by Taleb Jawad al-Abdulmohsen, source says

The Guardian - UK

Our Picks

She's here for 'a kitchen pep talk' during the holiday whirlwind

If you’re feeling too overwhelmed to cook during the holidays, maybe a new book by Margaret Eby can help

The Independent UK

All the celebrities that have supported Blake Lively after Justin Baldoni lawsuit

Lively has received a huge amount of support after filing the lawsuit against Baldoni

The Independent UK

Where’s Santa? Here’s how to track his journey this Christmas Eve

NORAD’s Santa Tracker website launched this year on December 1

The Independent UK

Gen Z’s politics are hard to categorize – and a harbinger of a new political order

The great clashes to come will be less between left and right than between those inside and outside a dying establishment

The Guardian - US

Bianca Jagger feels 'empowered' in suits

Bianca Jagger was always drawn to wearing suits because she wanted to feel "powerful" like her father.

‘A long-distance hug’: readers and gen Z on the joy – and expense – of sending Christmas cards

Sales of Christmas cards are down as soaring price of stamps means many people opt for digital festive greetings

The Guardian - UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play