Laura Martin, an analyst from Needham, maintained the Buy rating on Alphabet Class A. The associated price target remains the same with $330.00.
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Laura Martin’s rating is based on Alphabet’s comprehensive AI technology stack, which she believes creates a significant competitive advantage and accelerates growth. Alphabet’s control over global first-party data and its leading market positions in various sectors contribute to its strategic strength. The company’s end-to-end proprietary tech stack, including custom silicon and infrastructure, enhances its ability to optimize and iterate quickly, capturing more value and improving returns on investment in AI.
Moreover, Alphabet’s integrated tech stack, particularly through Google Cloud Platform, offers a robust AI infrastructure that is globally scaled and optimized. This full-stack capability allows Alphabet to adapt swiftly to changes in the competitive landscape, positioning it well for future growth. Martin sees these factors as key reasons for her Buy rating, as they suggest Alphabet can effectively leverage its investments into new revenue streams and strengthen its market position.
In another report released yesterday, Loop Capital Markets also upgraded the stock to a Buy with a $320.00 price target.