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Alphabet Warrants A Positive Valuation: Robert W. Baird

In a research report issued Thursday, Robert W. Baird analyst Colin Sebastian reiterated an Outperform rating on shares of Alphabet Inc (NASDAQ:GOOGL), with a price target of $780, which implies an upside of 19% from current levels.

Sebastian wrote, “Much attention has already been spent on analyzing the revenue and margin differential between core Google and the “speculative” Alphabet businesses. Core Google margins will be meaningfully higher than consolidated results, but that much was always clear. We believe the bigger picture for...