Analysts at Wells Fargo aren't fazed by the 3-percent decline in Alphabet Inc 's stock after the company's earnings report. The firm's Peter Stabler maintains an Outperform rating on Alphabet's stock with an unchanged $1,150 price target. Alphabet's earnings report was powered by a strong performance across all of its units and highlighted by a 20 percent gain in the top line, Stabler said in a research report. Meanwhile, the company's ongoing improvements to its advertising business represent "durable growth engines" and fully addresses the needs of marketers.Source