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Street cred, but make it bullish
Alphabet didn’t need a pep talk, but it got one anyway. On CNBC, Jim Cramer tossed out a $400 target like he was ordering coffee, and BMO Capital backed the vibe by lifting its Alphabet price target from $400 to $410 while keeping an Outperform rating.
The “Top Pick” treatment
JPMorgan was also in the corner, reiterating an Overweight rating and calling Alphabet a Top Pick as Google Cloud Next kicked off in Las Vegas. Translation: the Street is still treating Google like the adult in the room — cash-flow machine, AI contender, cloud growth story, all rolled into one very large package.
Why your portfolio should care
Alphabet shares popped 2.1% to $339.32 on Wednesday, which is a nice reminder that analyst love still moves the needle when a mega-cap is already sitting near the front of every AI conversation.
Meanwhile, there was a little bonus cameo from PepsiCo, which signed a multi-year deal to use Google Cloud’s Gemini Enterprise Agent Platform. That’s not the main story here, but it does underline the bigger theme: Alphabet’s cloud tools are trying to become the plumbing behind how giant companies actually run their businesses.
Big picture: when analysts, TV pundits, and enterprise deals all point the same direction, Alphabet gets a fresh tailwind — and investors get another reason to keep the stock on the short list instead of the “maybe later” pile.