BUZZ-Alphabet rises; Scotiabank raises PT on cloud optimism

Reuters
2026.01.09 11:29
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Alphabet’sshares rise ~1% to $328.69 premarketScotiabank raises PT to $375 from $336, implying an upside of 15.2% to the stock’s last closeBrokerage is optimistic on potential upside in Google Cloud, especially its operating margin“While Google got a (relatively) slower start than competitors within the ‘AI Wars’, we see Google as the structural winner within the hyperscalers” - ScotiabankAvg rating of 62 analysts is “buy;” their median PT is $327.50 - data compiled by LSEGIn 2025, stock gained 65.4%