KeyBanc Raises Alphabet Price Target to $380 on Strong Cloud, AI Momentum

KeyBanc analyst Justin Patterson reiterated an Overweight rating on Alphabet and boosted the price target to $380 from $370, implying 11% upside from the $341 close. The hike reflects better-than-expected Google Cloud performance and AI monetization gains, with projections for EPS near $14 by 2027 amid double-digit growth. Wall Street echoes the optimism: 31 analysts rate it Strong Buy with a $385.97 average target (13% upside), ranging $330-$450. This latest update sustains bullish progression on Alphabet's ad resilience, cloud acceleration, and AI earnings potential.