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BofA Securities Maintains Buy Rating on Alphabet Inc.
Bank of America Securities reaffirmed a Buy on Alphabet with a US$335 target citing recovery in ad business and cloud growth prospects.
Bank of America Securities reiterated a Buy rating on Alphabet Inc. (NASDAQ: GOOGL) with a price target of US$335. The firm cited Alphabet’s robust ad-business recovery, cloud growth trajectory and cost efficiency as supporting factors. Shares of Alphabet rose modestly following the note. The reaffirmation signals confidence in Alphabet’s long-term outlook despite near-term macro headwinds.