Alphabet (GOOGL) received a significant boost as Canaccord Genuity raised its price target to $390, reflecting strong analyst optimism regarding the company's AI and cloud growth prospects.
- The stock traded in line with the broader market, aligning with the Nasdaq's 0.46% gain driven by enthusiasm surrounding AI announcements at CES.
- Wall Street sentiment remains highly bullish, with 85% of ratings being "Buy," focusing on GOOGL's strategic energy pivot to address increasing AI power demands.
- Shares closed at $314.55 on January 6, following a robust 65.8% rise in 2025 led by vertical integration in AI infrastructure.