Alphabet (GOOG) received a price target increase from Stifel to $346 (up from $333) based on a strong digital advertising outlook, coinciding with the operational expansion of its autonomous driving unit, Waymo.
- The company's autonomous driving unit, Waymo, launched fully driverless robotaxi rides in Miami.
- Stifel maintained its Buy rating on the stock.
- Despite the dual positive news flow, shares were trading marginally lower by 0.31% at $329.81.