Eric Sheridan's Buy rating on Alphabet Class A is supported by the company's innovative use of AI in digital advertising, demonstrated at Google Marketing Live. This AI-driven strategy across Alphabet's platforms is expected to enhance ad effectiveness and efficiency, driving revenue growth.
Sheridan's confidence in Alphabet's ability to monetize AI advancements is evident through his strong conviction in maintaining the company's leadership in digital advertising, reflected by the Buy rating and $195 price target.
Barclays also assigned a Buy rating with a $200 price target for Alphabet, indicating a positive sentiment among analysts towards the company's potential in the digital advertising market driven by AI innovation.
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