FinanceNewsAPI
BofA resets Google stock price target after earnings smasher - thestreet.com
Overview
Bank of America raised its price target for Alphabet after the company beat first-quarter estimates, citing cloud momentum and upside in the quarter. The company’s planned $80 billion equity raise — including a $10 billion purchase by Berkshire Hathaway — adds a new dimension for analysts to weigh: potential share dilution, how proceeds will be deployed, and whether the AI capex will justify higher long-term valuation. Expect further analyst reassessments as spending and execution plans clarify.
Entities
ORGGoogleORGAlphabetORGBank of AmericaORGBofATheStreet
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