Rosenblatt analyst Barton Crockett raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $393 from $357 and keeps a Neutral rating on the shares. Q1 featured an “explosive step up” in Google Cloud backlog, auguring for stronger growth to come, but Alphabet upped its outlook for 2026 capex by $5B and said capex will grow again in 2027, without being specific, notes the analyst, who adds that “free cash flow is limited now.”
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