Jefferies Raises Alphabet Price Target to $400, Citing Growth Trajectory

Jefferies reiterated its 'Buy' rating for Alphabet Inc. (GOOGL). Analyst Brent Thill increased the price target to $400, up from $365. This represents a 9.59% raise.

This confidence stems partly from advancements in artificial intelligence, specifically the new 'Project Genie' model. Analysts also expect continued strength in the company's Search and Cloud segments.

The positive analyst action aligns with a broader bullish sentiment surrounding Alphabet's prospects. A series of recent price target hikes underscores a positive Wall Street consensus on the company's market position and ability to monetize innovations.