UBS Increases Alphabet's Price Target to $375 Amid Cloud Growth and TPU Sales
UBS has raised its price target on Alphabet (GOOGL) to $375 from $348, maintaining a Neutral rating, citing strong cloud performance and potential AI infrastructure growth. The firm highlighted Alphabet's ability to monetize external TPU sales, though it noted that current valuations already reflect near-term momentum.
Topics: AI Alphabet Cloud Computing Stock Analysis TPU Sales UBS