Citizens analyst Andrew Boone raised the firm’s price target on Alphabet (GOOGL) to $515 from $385 and keeps an Outperform rating on the shares. Google delivered strong top-line growth with accelerating revenue across search, cloud, YouTube, and subscriptions, while its vertical integration and move to commercialize TPUs position it to capitalize on AI demand by expanding its addressable market and leveraging cost and compute advantages, the analyst tells investors in a research note.
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