Bullish
JPMorgan raises Alphabet's price target to $380, citing strong cloud growth.
JPMorgan has increased its price target for Alphabet Inc. (GOOGL) to $380, attributing the adjustment to robust growth in the company's cloud services. This optimistic outlook is supported by Alphabet's strategic investments in artificial intelligence and cloud infrastructure, positioning it favorably in the competitive market.
Key points
- JPMorgan's price target raised to $380, reflecting confidence in Alphabet's cloud growth.
- Google launches Universal Cart in the U.S., enhancing shopping experience.
- Google warns of potential exploitation of BeyondTrust flaw by China-linked hackers.
Sources
AI-generated from public news sources. Not financial advice.
