UBS Raises Price Target on Alphabet Stock Amid AI Growth
UBS has raised its price target on Alphabet (GOOGL) to $375 from $348, citing strong growth in Google Cloud, AI chip opportunities, and resilient search ad revenue. Despite the increase, UBS maintains a neutral rating, suggesting the stock is already priced for these improvements. Alphabet is projected to invest $175–$185 billion in AI-focused capital expenditures.
Topics: AI Alphabet Google Cloud Price Target Stock Analysis UBS