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Alphabet (GOOGL) (GOOG) PT Raised to $1,475 at Guggenheim

Guggenheim analyst Michael Morris raised the price target on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to $1,475.00 (from $1,300.00) while maintaining a Buy rating.The analyst commented, "Our $1,475price target (upfrom $1,300) is based on a DCF valuation using a 9.6% WACC and a 4.0% long-term growth rate (both unchanged), which reflects our...

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