BusinessAdmin•Yahoo Finance RSS•20 hours ago
UBS Increases Alphabet's Price Target to $375, Citing Cloud Growth and TPU Sales
UBS has boosted its price target for Alphabet to $375, driven by strong cloud performance and TPU sales, easing concerns over advertising revenue.
- • UBS has raised its price target for Alphabet Inc. to $375, reflecting confidence in the company's cloud services and sales of Tensor Processing Units (TPUs).
- • The adjustment comes as Alphabet's cloud division shows strong performance, alleviating concerns about potential advertising revenue declines linked to ChatGPT.
- • UBS analysts believe that the growth in cloud computing and hardware sales will support Alphabet's overall financial health and market position.
Source: Yahoo Finance RSS
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