Wolfe Research raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $350 from $290 and keeps an Outperform rating on the shares. The company reported a Q3 beat across the board, with accelerating revenue growth and expanding margins, the analyst tells investors in a research note. The firm says Alphabet’s artificial intelligence “bull thesis is resonating as fundamentals on Search and Cloud are accelerating.”
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