Roth Capital raised the firm’s price target on Alphabet (GOOGL) to $210 from $205 and keeps a Buy rating on the shares. Alphabet reported clean-beat Q2 results, with Search, YouTube, and Cloud revenues accelerating and coming in above expectations, the analyst tells investors in a research note. Multiple AI Search surfaces are proving to strengthen medium-term positioning as user behavior adapts, AI workload demand results in Cloud growth as an output of expanding compute profile, and YouTube is becoming more macro insulated with Shorts, sports deals, and subscriptions, the firm argues. Roth is a buyer of shares on the strength.
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