Alphabet Raises Price Target to $375

RBC Capital analyst Brad Erickson raised Alphabet's price target to $375 on January 15 and maintained an Outperform rating, citing AI-driven ad rollout momentum and Olympics-specific plans. The note says AI Overviews ads are fully flowing across Pmax and Search while AI Mode remains limited to AI Max adopters; Google lowered targeting thresholds from 1,000 to 100 users, expanding SMB reach.