Alphabet (GOOGL) Stock Skyrockets on AI & Ad Revival – Could $300 Be Next?
Alphabet traded near $256 on Oct. 16, up 2% and close to record highs, putting its market value near $3 trillion. Scotiabank raised its price target to $310, citing a recovery in Google’s ad business, while BMO Capital lifted its target to $294 on AI gains. Google Cloud revenue rose 32% in Q2 to $13.6 billion. YouTube ad revenue jumped 13% to $9.8 billion, beating forecasts.