BNP Paribas Exane Reaffirms Rating on Alphabet (GOOGL) Amid Intersect Power Acquisition

Alphabet Inc. (NASDAQ:GOOGL) is one of the best stocks for the next decade. On December 22, BNP Paribas Exane reaffirmed its Outperform rating and 355pricetargetforAlphabet.Thissentimentfollowedthecompanysannouncement,onthesameday,thatitenteredintoadefinitiveagreementtoacquireIntersectPower,whichisaspecialistproviderofdatacenterandenergyinfrastructure,for355 price target for Alphabet. This sentiment followed the company’s announcement, on the same day, that it entered into a definitive agreement to acquire Intersect Power, which is a specialist provider of data center and energy infrastructure, for 4.75 billion in cash plus assumed debt. The firm views this move as a strategic step to accelerate the expansion ...