Morgan Stanley raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $210 from $205 and keeps an Overweight rating on the shares. GenAI-enabled innovation is driving faster growth, as evidenced by Search, YouTube and Google Cloud all having accelerated their growth, the analyst tells investors in a post-earnings note. This accelerated pace of innovation sets up Alphabet for more durable multi-year growth, the analyst contends.
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