I added to my position in Alphabet Inc. as the company continues to demonstrate strong operational momentum across its core businesses. KeyBanc Capital Markets recently raised its price target to $370 and maintained an Overweight rating, highlighting Alphabet’s increased capex to support growth in Google Services and Google Cloud. Despite concerns about higher investment spending, the fundamentals remain compelling. Search expanded through 2025, Cloud backlog surged nearly 55% QoQ in Q4, and Gemini has already reached about 750 million monthly active users. The investment thesis centers on earnings revisions driven by sustained business growth rather than valuation multiple expansion
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