Alphabet (GOOG) stock rises after Raymond James upgrade as judge keeps consumer antitrust case alive
Alphabet’s non-voting Class C shares jumped roughly 0.7% to $330.84 in after-hours trading Thursday, following Raymond James' upgrade to “Strong Buy” and a boosted price target of $400. Analyst Josh Beck highlighted that Alphabet’s AI “stack”—covering chips, models, and software powering its AI products—is now “shifting to high gear,” prompting him to raise forecasts for Google Cloud and Search. Throughout the session, shares fluctuated between $328.90 and $335.57, pegging Alphabet’s market cap near $2.94 trillion.
