New Street Research has increased its price target for Alphabet (NASDAQ:GOOGL) to $380 from $330, maintaining a “buy” rating and suggesting a 19.5% upside. This bullish outlook is supported by Alphabet’s strong Q4 earnings, significant AI-driven growth in Google Cloud, and continuous investment in AI infrastructure through debt financing. Despite insider selling, the consensus remains a “Moderate Buy” with a target price of $361.64.
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New Street Research Forecasts Strong Price Appreciation for Alphabet (NASDAQ:GOOGL) Stock
New Street Research has increased its price target for Alphabet (NASDAQ:GOOGL) to $380 from $330, maintaining a “buy” rating and suggesting a 19.5% upside. This bullish outlook is supported by Alphabet’s strong Q4 earnings, significant AI-driven growth in Google Cloud, and continuous investment in AI infrastructure through debt financing. Despite insider selling, the consensus remains a “Moderate Buy” with a target price of $361.64.