Alphabet (GOOG) PT Raised to $210 at Raymond James

Raymond James analyst Aaron Kessler raised the price target on Alphabet (NASDAQ: GOOG) to $210.00 (from $185.00) while maintaining a Outperform rating.

The analyst comments "Net, we walk away more constructive on GOOG as we think progress against the AI Monetization theme warrants rising AI Investment and take up our price target to $210 based on 17x ‘27 P/E vs. S&P at 19x and peers (META, AMZN, MSFT, NVDA, AAPL) at 23x and reiterate our Outperform stance. DOJ remains an overhang be we see risks as manageable in context of increasing AI competition."

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