Truist keeps a Buy rating and $200 price target on Alphabet (GOOGL) ahead of its Q2 earnings. The quarter will see “healthy” results that will show Search demand remaining strong despite the rise of AI-powered search peers and FX will be a tailwind, the analyst tells investors in a research note. Concerns over AI evolution in Search have weighed on the stock, but Truist believes that the current valuation reflects much of those concerns and that AI Search remains Google’s war to lose, the firm added.
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