Alphabet Price Target Raised by Piper Sandler as Analysts Revise Forecasts
Top Wall Street analysts have revised their forecasts on several prominent stocks. Among them is Alphabet Inc., whose price target was increased by Piper Sandler from $395 to $400. Analyst Thomas Champion maintained an Overweight rating for the tech giant, which closed at $343.92 on Friday.
Other notable changes include a raised price target for Okta Inc., courtesy of Scotiabank, from $190 to $245. The analyst, Patrick Colville, maintains a Sector Outperform rating on the stock, which finished the week at $195.19.
In contrast, several firms have reduced their targets. JP Morgan slashed AutoZone's price target by $150 to $3,700, while BMO Capital cut Delta Air Lines' target from $105 to $100. Both analysts maintained their respective ratings for the companies, which closed at $2,872.16 and $84.94 on Friday.
B of A Securities also trimmed its price target for Vaxcyte Inc. by three dollars to $130, with analyst Jason Gerberry maintaining a Buy rating on the stock, which finished the week at $58.10.