Truist Securities analyst Youssef Squali has raised Alphabet's price target from $320 to $350 while maintaining a "Buy" rating.
Key reasons include expectations of record-high U.S. e-commerce and digital ad spending during the holiday season, supported by a resilient job market boosting consumer confidence. Additionally, AI-driven improvements in ad platform efficiency and sustained e-commerce momentum contribute to the positive outlook. The "Other Bets" segment also shows modest revenue growth, primarily driven by the accelerated deployment of Waymo's autonomous driving technology.
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