Alphabet shares rallied as much as 3% in early Friday trading before paring the advance to about 1.1% by 11 a.m. ET, as Tigress Financial raised its price target to $485 from $415 and reiterated a Strong Buy rating. Analyst Ivan Feinseth cited Alphabet’s position across Search, Cloud and YouTube, along with the Gemini model, custom TPU chips and AI-powered services, as drivers of revenue growth, margin expansion and broader monetization. He said Alphabet’s latest quarterly results showed continued search-advertising strength, accelerating cloud revenue and improving profitability, while acknowledging that heavy AI infrastructure spending is reducing near-term returns on capital. Alphabet’s overall Wall Street consensus remains Strong Buy, with an average target of $436.25. Targets from other firms range from $400 to $475, reflecting differing views on the timing and returns of the company’s AI investments. Valuation appears moderate on earnings but demanding on free cash flow, which has been pressured by spending on data centers, chips and AI research.