Stifel raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $222 from $218 and keeps a Buy rating on the shares. The company reported “solid” results with generally healthy advertising trends across Search and YouTube, paired with outperformance in Cloud, the analyst tells investors. However, the firm doesn’t expect much follow-through in shares given concerns over the company’s long-term AI position and the DOJ overhangs, the analyst tells investors.
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