Truist raised the firm’s price target on Alphabet to $190 from $170 and keeps a Buy rating on the shares. The analyst cites the company’s stronger than expected Q1results, which reflect acceleration across Search, YouTube, and Cloud. This broad-based outperformance is driven by healthy demand, augmented by AI improvements across products as Alphabet management reigns in costs, focuses investments on the highest growth priorities, and improves margins, the firm tells investors in a research note.
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