$Alphabet(GOOG)$ $Alphabet(GOOGL)$ Morgan Stanley raised its price target on Alphabet to $415 from $375 and kept an Overweight rating. The note mentions that Alphabet shares have fallen 10% over the past month, but argues fundamentals and visibility into 2027 and 2028 are improving, creating a tactical buying opportunity for one of the best-positioned AI companies. They see Alphabet adding 9 GW of compute capacity in 2028 and selling 4 GW of TPU on a first-party basis, and now project over $300 billion in revenue and $19 in EPS for 2028.
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