Alphabet (GOOGL) Gets $350 Target From Truist as Search Momentum Holds

Despite an summation successful generative AI competitors, steadfast analysts expect Alphabet to show robust hunt momentum. They task 15%+ top-line growth, aligning with statement estimates. Both query measurement and cost-per-click metrics person led to robust hunt spending.

Google

The tech elephantine is expected to present robust fourth-quarter results, driven by robust engagement and advertizing demand, which translates into mid-teens maturation crossed Search and YouTube. Meanwhile, coagulated Cloud backlog is apt to make 34% gross maturation successful that segment.

The steadfast cited the November rollout of Gemini 3 arsenic different catalyst for Alphabet, positioning the institution astatine the forefront of AI performance. Recent information besides suggests continued gains successful Search marketplace share.

Overall, Truist remains bullish connected Alphabet’s competitory moat contempt expanding contention successful the generative AI space.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational exertion conglomerate holding institution wholly owning the net elephantine Google, amongst different businesses.

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