KeyBanc Reiterates Overweight Rating on Alphabet (GOOGL)

KeyBanc analyst Justin Patterson reiterated an Overweight rating and $380.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst commented: "Heroes of the Swarm - Expect Google Cloud Next to Highlight TPUs, Gemini, Security, and Control Plane; As Google Cloud Next kicks off tomorrow, we believe the latest TPU, Gemini integrations, and potential security announcements are top of mind for most investors. However, we believe Google is also building upon last year's multiagent initiatives and improving the control plane to make harnessing the benefits of AI easier. As Google leverages its infrastructure and makes it easier for organizations to deploy AI in a cost-efficient manner, we see potential to sustain rapid Cloud growth rates. We maintain our OW rating and $380 PT (27.6x 2027E P/E)."

For an analyst ratings summary and ratings history on Alphabet click here. For more ratings news on Alphabet click here.

Shares of Alphabet closed at $332.29 yesterday.

You May Also Be Interested In

• Spacex Now Shares Indicated To Open At $175 Each
• UBS Reiterates Neutral Rating on Restoration Hardware (RH)
• UBS Reiterates Buy Rating on Target (TGT) Amid Broad-Based Traffic Gains