Wedbush Raises PT on Alphabet Inc. (GOOGL) to $350 From $320, Keeps an Outperform Rating

Group 1 - Alphabet Inc. is one of the most widely held stocks by hedge funds in 2025, with analysts raising price targets and maintaining positive ratings [1][2] - Wedbush analyst Scott Devitt increased the price target for Alphabet Inc. to $350 from $320, citing solid returns in consumer internet companies averaging 23% compared to 19% for the NASDAQ [1] - Bank of America Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. with a price target of $335 [2] Group 2 - Google Cloud announced that its Gemini for Government was selected as the first enterprise AI deployed in the U.S. Department of War's GenAI.mil, reaching 3 million civilian and military personnel [3] - Gemini for Government is described as an AI-optimized, enterprise-grade platform that integrates leading AI models and supports government agencies' unclassified business processes [4] Group 3 - Alphabet Inc. operates through segments including Google Services, Google Cloud, and Other Bets, with Google Services encompassing various products like Android, Google Maps, Google Play, Chrome, Search, and YouTube [5]