Raymond James Raises Price Target for Alphabet to $425 After Strong Q1 Results
Raymond James increased its price target for Alphabet (GOOGL) to $425 from $400 following the company's strong Q1 financial results. Alphabet reported a 22% revenue increase to $109.9 billion, driven by growth in Google Search, Google Cloud, and AI initiatives. The move reflects positive market sentiment toward Alphabet's performance and future prospects.
Tickers: $GOOGL
Topics: AI Investments Alphabet Inc. Google Cloud Price Target Q1 Financial Results Raymond James