TD Cowen sees an artificial intelligence-driven rally ahead for Alphabet stock. The investment firm reiterated its buy rating on the Google search engine parent. Analyst John Blackledge also raised his price target to $350 from $335. Shares of Alphabet have surged 65% this year. Blackledge's renewed target implies the stock could add another 12% from Thursday's close. GOOG YTD mountain GOOG YTD chart Blackledge wrote that he was raising his price target on the heels of the successful integration of artificial intelligence overviews within Google Search. He now sees Google Search growing at a compound annual growth rate of 10.2% over the next five years, versus 9.6% prior. The analyst attributed this higher Google search usage and query growth to the AI mode adoption. He also raised his Gem
TD Cowen raises Alphabet target on growing Gemini users and AI
CNBC Investing2 hrs ago
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