00:06 Speaker A
Now time for some of today’s trending tickers. We are watching Alphabet, Robin Hood and Broadcom.
00:10 Speaker A
First up is Alphabet reaching a three trillion dollar valuation. Wall Street’s been bullish on the stock after clearing an anti-trust hurdle. Today, Citi raised its price target on the Google parent to $280 from 225.
00:24 Speaker A
Analyst Ron Josey seems an accelerated product development cycle that’s beginning to emerge with greater Gemini adoption across both its as and cloud businesses. Uh with the case now out of the way, investors are turning their attention back to the potential for gains in Alphabet’s stock, which is the cheapest on a P/E basis among the Magnificent 7 despite the recent rally the shares at a record today.
00:48 Speaker A
Next up is Robin Hood, launching a closed end fund to give retail investors in the US exposure to private companies. The retail trading platform said it filed an initial registration statement with the SEC, beginning the process to offer public shares of the fund dubbed Robin Hood Ventures Fund 1. With many companies staying private for longer and valuations skyrocketing, retail investors have largely been stuck on the sidelines with few ways to tap into that kind of growth.
01:14 Speaker A
And finally Broadcom. Maquari initiating coverage of the company with an outperform rating and a $420 price target. Analyst noting that Broadcom’s ASIC technology is growing faster than GPU driven by adoption among hyperscalers and vertical AI markets. Those shares uh at over $360 today.
01:34 Speaker A
And as always, you can scan the QR code below to track the best and worst performing stocks with the Yahoo Finances trending tickers page.