Alphabet sees $450 target, driven by AI and Cloud growth

Goldman Sachs reiterated a firm buy rating for Alphabet Class A stock (GOOGL). The investment bank raised its price target to $450 from $400.

The upgrade reflects Alphabet's growing dominance in artificial intelligence and robust Cloud business growth. The new target implies a potential upside of approximately 17%.

Alphabet shares are currently consolidating below the $400 mark. This follows a rally after strong first-quarter earnings and precedes several upcoming AI feature launches.