Alphabet price target raised to $425 from $400 at Raymond James

Raymond James raised the firm’s price target on Alphabet (GOOG) to $425 from $400 and keeps a Strong Buy rating on the shares. Alphabet reported strong results driven by continued acceleration in Search and Google Cloud, with both segments exceeding expectations and overall growth reaching levels not seen since the post-COVID digital surge, the analyst tells investors in a research note. Management also highlighted longer-term opportunities tied to agentic commerce flows, Gemini-powered experiences, and external demand for TPU hardware, reinforcing the company’s positioning across both consumer and enterprise AI ecosystems, the firm says.