Alphabet Inc. (GOOGL) Upgraded to "Buy" by Citigroup with New Price Target

Group 1: Alphabet Inc. Performance - Citigroup upgraded Alphabet Inc. to a "Buy" rating with a new price target of $343, up from $280, while the stock price was $274.57 [1][6] - Alphabet's Q3 revenues reached $102.4 billion, exceeding Wall Street's expectations of $99.85 billion, driven by a 34% increase in Google Cloud revenue to $15.2 billion [2][6] - The adjusted earnings per share (EPS) for Alphabet was $2.87, surpassing the expected $2.27 [2][6] Group 2: Meta Platforms Performance - Meta Platforms experienced an 8% decline in stock price due to disappointing Q3 results, with revenues of $51.24 billion slightly above expectations but a significant EPS miss at $1.05 [3][6] - The decline in Meta's stock was exacerbated by concerns over increased AI spending, leading to a substantial drop in market value by tens of billions [5][6] - Meta raised its 2025 capital expenditure guidance to between $70 billion and $72 billion, reflecting its commitment to AI [5]