Mizuho raised the firm’s price target on Alphabet (GOOGL) to $325 from $295 and keeps an Outperform rating on the shares. The company reported strong Q3 results with acceleration in Search, YouTube and Cloud revenue, the analyst tells investors in a research note. Mizuho sees potential for further estimate revisions and multiple expansion as the Alphabet “continues to benefit from increasing confidence in Alphabet as an AI winner.”
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