Why Analysts Are Bullish on Google Parent Alphabet After Earnings

Key TakeawaysGoogle parent Alphabet posted third-quarter earnings that topped Street expectations and showed artificial intelligence (AI) progress, with both JPMorgan and Citigroup analysts noting the tech giant's strong Google Cloud revenue.JPMorgan raised its price target for Alphabet to $212 from $208 and reiterated an "overweight" rating.Citi analysts stuck with its "buy" rating and $212 price target, noting Google Cloud's "accelerating growth from greater GenAI demand." Google parent Alphabet (GOOGL) p ...