$GOOGL - ALPHABET PRICE TARGET RAISED TO $350 AT TRUIST
Truist Securities analyst Youssef Squali raised his price target on Alphabet (NASDAQ: GOOGL) to $350 from $320, while keeping a Buy rating.
Key reasons:
🔸 Expecting record U.S. e-commerce and digital ad spending this holiday season
🔸 Resilient consumer supported by strong job market
🔸 More efficient ad platforms powered by AI advancements
🔸 Sustained e-commerce momentum and slightly higher Other Bets revenue (mainly from Waymo’s faster rollout)
The new $350 target is based on updated FY26 estimates driven primarily by stronger advertising revenue outlook.
From X
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