Alphabet's market capitalization reached $3.89 trillion, surpassing Apple as investors favor its AI leadership (especially the Gemini edge), leading to significant pre-market gains and a wave of bullish analyst upgrades.
- Wall Street reinforced optimism with four positive rating actions this week, including Melius raising its target from $305 to $350.
- Other Buy ratings set targets as high as $390, implying up to 21% upside potential over the next 12 months.
- The stock is trading up 1.45% at $326.66 in pre-market, continuing the momentum from yesterday's 2.43% gain.