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Alphabet price target raised to $425 on AI chip demand expectations

The Motley Fool ·

GOOG Alphabet Inc
$336.91 -2.32%
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GOOGL -2.47%
  1. 1J.P. Morgan analyst Doug Anmuth raised the price target for Alphabet to $425.
  2. 2Alphabet reported second-quarter earnings per share of $9.11.
  3. 3Piper Sandler analyst Thomas Champion estimated the company's processor revenue could reach $104 billion by 2028.

So what's the key point?

Alphabet announced earnings per share of $9.11. Experts raised the price target to $425, estimating the company's processor revenue could reach $104 billion by 2028.

Source The Motley Fool · View original ↗

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