Goldman Sachs raised the firm’s price target on Alphabet (GOOGL) to $288 from $234 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results in Digital Advertising names. The firm says it continues to see Alphabet as one of the most positively levered AI companies inside its coverage universe, adding that such a view has become more universally accepted among investors with the stock up 50% since the last earnings preview. The combination of growth in the usage of the Gemini app, continued growth in core Search, and the Search antitrust decision being more positive than feared in its remedieshave all resulted in a healthy re-rating of the shares, Goldman added.
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