Oppenheimer raised the firm’s price target on Alphabet (GOOGL) to $300 from $270 and keeps an Outperform rating on the shares. While the firm is positive on the long-term benefits from Meta‘s (META) push into AI and proven ability to outgrow peers, it is more bullish on Alphabet (GOOG) near term, given more conservative estimates and lower valuation despite not fully monetizing AI Mode or AI Overviews.
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