Loop Capital likes what it sees from Alphabet . The investment firm upgraded the "Magnificent Seven" stock to a buy rating from hold. Analyst Rob Sanderson also lifted his price target to $320 per share from $260, which implies upside of 19% from Monday's close. Sanderson pointed to an alleviation in investor concerns regarding the sustainability of search revenue growth due to AI cannibalization and transition risk. GOOGL YTD mountain GOOGL YTD chart "Google Search revenue growth accelerated to 15% in 3Q, the strongest quarter since the tail end of the COVID boom," he wrote. "Continued strength is disproving concerns (or at least postponing concerns) that AI chatbots are encroaching on Google as a primary starting point for the information seeking journey of users." The analyst also point

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