Wells Fargo raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $236 from $187 and keeps an Equal Weight rating on the shares. The firm is raising search estimates by a point in Q3/Q4 as business remains more resilient than expected and disruption from incorporating AI Mode into default bar likely a 2026 event. Sentiment has swung very positively, but do not believe Google is in the clear, Wells says.
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