Oppenheimer raised the firm’s price target on Alphabet (GOOGL) (GOOG) to $235 from $220 and keeps an Outperform rating on the shares as AI tailwinds build across search/GCP. Search revenue accelerated to +12% year-over-year vs. Q1’s +10%, with AI Mode only in U.S./India. Oppenheimer now expects investors to view Alphabet as an AI winner, with August/September. The Department of Justice ruling remaining overhang, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG: