Piper Sandler analyst Thomas Champion raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $285 from $220 and keeps an Overweight rating on the shares following the positive antitrust ruling and PSC Ad Buyer data. The firm remains bullish on Alphabet. Search has the possibility to re-accelerate in 2026. Rising CAPEX does give Piper some concern, especially if interest rates continue to move lower. But execution continues plus new ad product launches like AI Max for Search Campaigns, it adds.
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