Major Bank Ratings | Jefferies maintains "Buy" rating on Alphabet with a target price of $445

Glonghui, June 23 – Several high-level executives have recently left Alphabet’s artificial intelligence division, causing concern among investors. Jefferies commented that the movement of top researchers reflects the industry-wide intense competition for scarce AI talent, rather than a decline in Google’s competitive position. The firm maintains its “Buy” rating on Alphabet, with an unchanged price target of $445. Alphabet’s decades-long continuous investment in AI, its deep research reserves, rapidly growing cloud business, and cost advantages in AI computing brought by its self-developed TPU all constitute its core competitiveness.