US stocks opened on a downbeat note this morning following the release of inflation data. The annual inflation rate in the US increased to 7.5% in January, the highest level since February 1982 and well above analysts' estimates of 7.3%.
Business Outlook for Fiscal Year 2022
The company provided updated guidance for the full-year 2022 for the following metrics:
Revenue to range from $1.05 billion to $1.09 billion,
Keybanc lifted the price target for Alphabet Inc. (NASDAQ: GOOGL) from $3,090 to $3,400. Alphabet shares surged 11% to $3,055.00 in pre-market trading.