Alphabet (GOOGL) received a bullish boost after Stifel raised its price target to $346 (from $333), maintaining a Buy rating, driven by confidence in the company's successful AI monetization strategy.
- This adjustment follows a recent 'Strong Buy' upgrade from Raymond James, reinforcing strong analyst confidence in GOOGL's full-stack AI strategy.
- The positive outlook is specifically tied to the monetization of AI investments, particularly within the Google Cloud Platform (GCP), with the stock currently trading around $331.53.