Alphabet Inc. shares rose 1.8% on January 22, 2026, after Raymond James upgraded the stock to 'Strong Buy' (from 'Outperform') and significantly raised its price target from $315 to $400.
- The upgrade emphasizes Alphabet's AI full-stack advantage, shifting the investment narrative from defensive to offensive.
- Raymond James projects substantial growth, including GCP revenue growth of 44% in 2026 and Search growth of 13% driven by AI Overviews.
- The stock was trading at $331.92 following the bullish AI outlook.