Google Stock Gains Momentum as Analysts Eye $390 Target

Alphabet's Google stock (GOOGL) has risen for three consecutive days, climbing from $328 to $345. Bank of America analysts suggest the stock could reach $390, citing a 3% year-over-year increase in Google's daily web traffic and a 261% surge in Gemini chatbot usage, which contrasts with a decline in ChatGPT traffic. Despite concerns over increased AI capital expenditure, the bank remains optimistic about Alphabet's scaling advantage.