Goldman Sachs raised the firm’s price target on Alphabet (GOOGL) to $450 from $400 and keeps a Buy rating on the shares. Alphabet reported strong Q1 results driven by continued Search revenue reacceleration, resilient YouTube performance, and a standout quarter in Google Cloud with revenue growth exceeding 60% and sharply expanding margins alongside a doubling of backlog, the analyst tells investors in a research note. Overall results reflected strong execution across core and AI-driven businesses, with management maintaining a confident tone as AI adoption increasingly supports sustained growth and operating momentum heading into 2026, the firm says.
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