Mizuho analyst Lloyd Walmsley significantly raised the price target for Alphabet (GOOG) from $325 to $365, maintaining an Outperform rating, citing strong momentum in the company's aggressive AI strategy.
- The optimistic outlook is reinforced by expectations that the AI strategy will lead to stronger ad monetization and cloud growth.
- The positive sentiment is driven by reports that Gemini is gaining market share and integrating into core services like Gmail.
- The stock is currently trading near its 52-week high of $331.48.