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Barclays raises price target for Alphabet after 'standout performance' in third quarter

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next '19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing.
Michael Short | Bloomberg | Getty Images

A solid third-quarter earnings report from Alphabet showed that the company is reiterating itself as the leader in a highly competitive digital space, according to Barclays.

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