Morgan Stanley has raised Google’s stock price target ahead of earnings, highlighting the impact of the company’s AI advancements on Wall Street. Google’s Q1 earnings saw a 12% revenue increase to $90.23 billion, with net income rising by 46% to $34.54 billion. CEO Sundar Pichai credited AI-powered enhancements across Search, Ads, and Cloud for the strong performance. The focus is now on Google’s innovation engine and productization capabilities, with analysts predicting continued growth in search ad revenue and potential tie-ups in the AI landscape. Other Wall Street analysts are also optimistic, with BofA and KeyBanc assigning higher stock targets for Google. Looking ahead, Google’s Q2 EPS is forecasted to be $2.19, with revenue expected to reach $93.93 billion, marking significant growth in both metrics.

Read more at Yahoo Finance: Morgan Stanley reboots Google stock price target ahead of earnings