Several major financial institutions have raised their price targets for Alphabet Inc. (GOOGL) following the company's strong second-quarter earnings report, which highlighted robust revenue growth driven by artificial intelligence (AI), search, YouTube, and cloud services. Morgan Stanley increased its price target from $185 to $205, maintaining an Overweight rating and citing GenAI-driven revenue acceleration and a favorable macroeconomic environment. Scotiabank raised its target to $240 from $200, emphasizing search momentum, AI themes, and YouTube leadership. Stifel lifted its price target to $222 from $218, maintaining a Buy rating despite some concerns about AI positioning and regulatory issues. JPMorgan increased its target to $232 from $200, highlighting 32% growth in Google Cloud revenue and AI-driven demand. Deutsche Bank raised its target to $215 from $200. Wedbush and RBC Capital also raised their targets to $225 and $220, respectively, noting strong Q2 performance and AI-driven search growth. Other firms including Barclays, Citi, BMO Capital, Pivotal Research, Oppenheimer, Raymond James, and KeyBanc raised their targets within the $210 to $245 range, reflecting broad optimism about Alphabet's growth prospects across advertising, cloud, and AI-related businesses.
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