Raymond James upgrades Alphabet to 'strong buy', lifts PT; shares rise
Shares of Google-parent Alphabet GOOGL.O up 1.9% at $334.52 in early market trading
Brokerage Raymond James upgrades GOOGL rating to "strong buy" from "outperform"; lifts PT to $400 from $315, implying a 21.8% upside to stock's last close
Says, its updated bottom-up analysis of Google Cloud Platform (GCP) and Search drove a sizable lift to its 2026-27 forecasts, with brokerage sitting at Street high for 2027 revenue
"We believe GOOGL is likely entering a cycle of improving AI Stack narrative and upward revisions that could create one of the highest quality top-line AI acceleration stories in the public universe," Raymond James says
51 of 61 brokerages covering the stock recommend a rating of "buy" or higher, others "hold"; stock has a median PT of $340 - data compiled by LSEG
GOOGL rose 65.4% in 2025
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