{"id":426065,"date":"2026-01-22T15:06:08","date_gmt":"2026-01-22T15:06:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/426065\/"},"modified":"2026-01-22T15:06:08","modified_gmt":"2026-01-22T15:06:08","slug":"raymond-james-upgrades-this-magnificent-seven-titan-as-ai-driven-growth-accelerates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/426065\/","title":{"rendered":"Raymond James upgrades this \u2018Magnificent Seven\u2019 titan as AI-driven growth accelerates"},"content":{"rendered":"<p>Raymond James believes that Alphabet&#8217;s artificial intelligence investments support further upside from here. The firm upgraded the &#8220;Magnificent Seven&#8221; titan to a strong buy rating from outperform. Analyst Josh Beck also hiked his price target to $400 from $350, which signals upside of 22% from Wednesday&#8217;s close. Shares of Alphabet have rallied 64% in the past 12 months. GOOG 1Y mountain GOOG 1Y chart A reassessment of Google Search and Cloud has let to a material upward revision in his 2026 and 2027 estimates for the company, Beck wrote. He noted that Raymond James&#8217; estimate now sits at the Street high for 2027 revenue. &#8220;We believe GOOG is likely entering a cycle of improving AI Stack narrative and upward revisions that could create one of the highest quality top-line AI acceleration stories in the public universe,&#8221; the analyst said. &#8220;Our baseline assumption for 2026 is that the AI Stack narrative and fundamental revisions will be the primary mega-cap Internet performance drivers as opposed to the mean reversion trade (i.e., buying depressed\/ selling elevated multiples).&#8221; Beck&#8217;s $400 price target is based on a 2027 price-to-earnings multiple of 29, which sits above Alphabet&#8217;s historical averages. The stock currently trades at around 28.8 times forward earnings, FactSet data shows. That&#8217;s around a 2021 peak of 31. This premium reflects a broad-based revenue acceleration across the company&#8217;s AI investments, which are now &#8220;shifting to high gear.&#8221; Analysts in general like the stock. LSEG data shows that 51 of 60<\/p>\n","protected":false},"excerpt":{"rendered":"Raymond James believes that Alphabet&#8217;s artificial intelligence investments support further upside from here. The firm upgraded the &#8220;Magnificent&hellip;\n","protected":false},"author":2,"featured_media":426066,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,26743,17279,276,277,161,49,48,1385,3097,61],"class_list":["post-426065","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alphabet-class-a","tag-alphabet-class-c","tag-artificial-intelligence","tag-artificialintelligence","tag-business-news","tag-ca","tag-canada","tag-investment-strategy","tag-stock-markets","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/426065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=426065"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/426065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/426066"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=426065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=426065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=426065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}