Alphabet price target raised to $190 from $180 at DA Davidson

DA Davidson raised the firm’s price target on Alphabet (GOOGL) to $190 from $180 and keeps a Neutral rating on the shares. Even in an AI accelerator market that is becoming more competitive by the day, Alphabet’s TPUs – Tensor Processing Unit – remain the best alternative to NVIDIA (NVDA), with the gap between the two closing significantly over the past 9-12 months, the analyst tells investors in a research note. The firm’s checks are also indicating that should Google sell its systems externally to customers, demand would be there and specifically from notable frontier AI labs, DA Davidson added.