Truist raised the firm’s price target on Alphabet (GOOGL) to $225 from $220 and keeps a Buy rating on the shares. Alphabet’s stronger Q2 results reflect sustained traction across Search, YouTube and Cloud, and hasn’t shown any adverse impact from rising AI competition or the uncertain macro so far, the analyst tells investors in a research note. Truist is seeing sustained traction in Search with higher engagement and ad monetization within All-in-One, and is also seeing a similar trend within YouTube’s Shorts.
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