UBS Raises Alphabet's Target to $375 as Cloud Strength and TPU Sales Ease ChatGPT Ad Fears [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
UBS noted Alphabet's potential to monetize external TPU sales, though the firm flagged current valuations as already reflecting near-term momentum. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE Alphabet NASDAQ:GOOGL ) stock just earned a strong endorsement from UBS, which raised its price target on the stock to $375 from $348 while keeping a Neutral rating. The move signals real fundamental momentum, even if UBS isn't ready to call Alphabet a screaming buy at current levels. For long-term investors, the tension between a higher target and an unchanged Neutral rating is worth unpacking. Alphabet shares traded near $337 as of this morning, and the stock is up 8% year-to-date. The UBS call arrives as Wall Street watches whether Alphabet's cloud and AI momentum can sustain its recent run. Ticker Company Firm Action Old Rating New Rating Old Target New Target GOOGL Alphabet UBS Price Target Raised Neutral Neutra
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