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[BUSINESS] · United States · 3 sources

Alphabet shares see mixed moves as analysts raise price targets and a fund trims holdings

Greenup Street Wealth Management LLC reduced its stake in Alphabet Inc. (NASDAQ: GOOGL) by 9.4% in the first quarter, selling 2,896 shares and ending the period with 27,826 shares valued at about $8 million, roughly 1.1% of its portfolio.

At the same time, Wall Street analysts remained bullish. Morgan Stanley upgraded its rating to “Buy” and lifted its 12‑month target price to $415, while Bank of America also kept a “Buy” rating with a $430 target, forecasting a rally of roughly 20% over the next year. Overall analyst consensus expects Alphabet to rise 19‑20% in the coming 12 months despite a recent $230 billion market‑cap decline and the stock’s inclusion in the Dow Jones Industrial Average.