Roth MKM raised the firm’s price target on Alphabet (GOOGL) to $166 from $152 and keeps a Buy rating on the shares. The negative AI sentiment toward Alphabet is expected to fade quickly after the company announced the rollout of Gemini, its largest and most capable large language model to date, leading to an uptick in its valuation multiple, the analyst tells investors in a research note. Google has delivered more innovative AI products, exceeding Microsoft (MSFT) and OpenAI’s output, particularly after having a late start in the AI wars, the firm added.
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