New Street Research has significantly raised its price target for Alphabet (NASDAQ:GOOGL) stock to $380, up from $330. The firm maintained its "buy" rating, indicating a potential upside of 19.5% for the tech giant's shares. This bullish adjustment is primarily driven by Alphabet's robust performance in the fourth quarter. Analysts highlighted the substantial AI-driven growth witnessed in its Google Cloud segment as a key factor. The continued investment in AI infrastructure further underpins this optimistic outlook. This upgrade signals strong analyst confidence in Alphabet's future earnings potential and strategic direction. Investors will closely monitor GOOGL's performance following this positive analyst report.
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