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

Published Wed, Oct 27 20217:04 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

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.

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.