Alphabet’s (GOOGL) Value “Is Just Awesome,” Says Jim Cramer

Core Viewpoint - Alphabet Inc. (NASDAQ: GOOGL) has gained significant attention from Jim Cramer, with a notable shift in his perspective from skepticism to optimism, particularly due to the company's advancements in artificial intelligence and strong earnings performance [2][3]. Stock Performance - Alphabet Inc.'s shares have increased by 70.5% over the past year, although they have remained flat year-to-date [2]. - Citizens maintained a Market Outperform rating with a price target of $385, while Roth/MKM raised its target from $365 to $395, maintaining a Buy rating [2]. Earnings and Market Position - The company's third-quarter earnings exceeded estimates across its search engine, cloud computing, and subscription segments, contributing to a positive outlook [2]. - Jim Cramer highlighted the company's strong backlog and performance obligations, indicating robust growth potential, especially in the cloud sector [3].