Buy Alphabet Ahead of a TPU-Led Cloud Re-rate
Alphabet is a buy here. The stock trades at a reasonable P/E with a fortress balance sheet and strong cash generation. Near-term catalysts - new data-center builds and an industry move to custom silicon - should accelerate Google Cloud's margin profile, creating a re-rate opportunity. Enter $342.80, stop $320.00, target $390.00 over a 45-trading-da…