Benzinga | Jan 19, 2022 09:30AM EST

Morgan Stanley Bumps Up Alphabet Price By 7.2%

* Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8%.

* Nowak updated his models and rolled forward valuations among his Internet sector coverage.

* Heading into 2022, Nowak said he remains positive on Uber Technologies Inc (NYSE:UBER), Meta Platforms Inc (NASDAQ:FB), Amazon.com Inc (NASDAQ:AMZN), Snap Inc (NYSE:SNAP), Roblox Corp (NYSE:RBLX), Compass Inc (NYSE:COMP), and Integral Ad Science Holding Corp (NASDAQ:IAS).

* Price Action: GOOGL shares traded higher by 0.38% at $2,730.24 in the premarket session on the last check Wednesday.