RBC Capital Reaffirms Outperform Rating for Alphabet with $204 Price Target

RBC Capital has reaffirmed its Outperform rating on Alphabet Inc. (NASDAQ: GOOGL) with a price target of $204.00, highlighting the company’s impressive 15% revenue growth to $88.27 billion in Q3 2024. Driven by strong performance in its Cloud and Search services, Alphabet’s operational income exceeded expectations, showcasing its resilience in the competitive tech landscape. Analysts are optimistic about Alphabet’s diverse revenue streams and strategic initiatives aimed at enhancing its market position.