12 October 2022 | Other

Morgan Stanley lowers Alphabet's price targets

The target price of Alphabet was lowered to $135 from $145 per share.

Nevertheless, Morgan Stanley is still buying Alphabet stock.

"We (expect) project GOOGL to miss EBIT and consensus revenue in Q3. But we are buying on the downside," the analysts wrote. "For perspective, GOOGL's long-term minimum multiple is 8X EBITDA, so we have a close eye on the levels. It should give GOOGL more short-term support and could provide entry points in volatile weeks…even if valuations 23 years have risk.."

Company MarketCheese
Period: 24.10.2025 Expectation: 1600 pips
GBPUSD is poised to retest 1.34800
17 October 2025 40
Period: 31.10.2025 Expectation: 600 pips
Break below 0.908 could send AUDCAD to autumn lows
17 October 2025 31
Period: 24.10.2025 Expectation: 290 pips
Brent crude to rebound to $62.90
17 October 2025 33
Period: 30.11.2025 Expectation: 2500 pips
Buying NVIDIA shares upon return to $170 support
16 October 2025 66
Period: 23.10.2025 Expectation: 28500 pips
Opening long positions on ETHUSD as buying interest recovers
16 October 2025 63
Period: 20.10.2025 Expectation: 1500 pips
Buying GBPUSD on weaker US dollar and potentially positive UK data
16 October 2025 49
Go to forecasts