Wedbush raised the firm’s price target on Alphabet to $205 from $175 and keeps an Outperform rating on the shares. Alphabet reported strong Q1 results with revenue and operating income well ahead of consensus, the analyst tells investors in a research note. Alphabet remains on the firm’s Best Ideas List, and Wedbush says Q1 results further validate Google’s position as a leading AI beneficiary as management commentary directly addressed the structural risks of generative AI on the Search business.
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