Evercore ISI raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $325 from $300 and keeps an Outperform rating on the shares. Alphabet’s Q3 results were “stellar,” significantly exceeding expectations across key metrics with a notable boost from AI advancements, the analyst tells investors. Alphabet, leveraging AI across its core segments to drive sustainable growth, is “proving to be a high-quality compounder,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- GOOGL, META, MSFT: Big Tech Fuels AI Boom with Aggressive Capital Spending
- Nvidia Stock Record-Breaking Rally Hits Pause as China Sales Stay Shut Despite Big Tech’s AI Spend
- Alphabet price target raised to $330 from $260 at Needham
- Alphabet price target raised to $345 from $300 at Oppenheimer
- Alphabet price target raised to $343 from $280 at Citi