
Supported by Google Search and YouTube research data, Citigroup raises Alphabet's target price

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Citigroup released a report on June 24, raising Alphabet's target stock price from $200 to $203 based on positive research data from Google Search and YouTube business, and reaffirming a "Buy" rating. The report noted that despite advertisers' concerns about changes in user search habits, the YouTube business remains strong, with daily viewing time exceeding 1 billion hours and daily views of YouTube Shorts surpassing 200 billion, showing significant growth
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