Alphabet (GOOGL) Gets $350 Target From Truist as Search Momentum Holds

Core Viewpoint - Alphabet Inc. is highlighted as a strong investment opportunity in the AI sector, with analysts projecting robust growth ahead of its upcoming earnings report [1][2][3]. Group 1: Earnings Expectations - The company is expected to report strong fourth-quarter results, driven by high engagement and advertising demand, leading to mid-teens growth in both Search and YouTube segments [3]. - Analysts anticipate over 15% top-line growth, consistent with consensus estimates, supported by increased query volume and cost-per-click metrics [2]. Group 2: Growth Drivers - A solid Cloud backlog is projected to result in a 34% revenue growth in the Cloud segment [3]. - The rollout of Gemini 3 in November is seen as a significant catalyst for Alphabet, enhancing its position in AI performance [3]. Group 3: Competitive Position - Truist Securities maintains a bullish outlook on Alphabet's competitive advantages despite rising competition in the generative AI market [4]. - Recent data indicates continued gains in Alphabet's Search market share, reinforcing its strong market position [3].