Shares of Google parent company Alphabet and iPhone maker Apple could surge more than 40% this year as the tech giants navigate near-term headwinds on their way to longer-term growth, according to one Wall Street analyst. In a note to clients on Monday, Bank of America analyst Justin Post maintained his buy ratings on both companies, assigning Alphabet a price target of $145 and Apple a price target of $185. Those targets represent potential upside of more than 40% for both stocks from their current levels. For Alphabet, which also owns YouTube, Google Cloud, and self-driving car company Waymo, Post cited the company’s diversification and its leadership in artificial intelligence as reasons for his optimism. .
Google and Apple Stock Could Surge 40% This Year Despite Tech Sector Woes, Analyst Says
