KeyBanc maintained its Overweight rating and $330.00 price target on Alphabet (NASDAQ:GOOGL) on Wednesday, highlighting the company’s advances in artificial intelligence technology.

The investment firm pointed to Google’s full stack approach to AI as creating meaningful advantages for the company. KeyBanc specifically noted the release of Gemini 3, which has set new highs in benchmarks and is now available in AI Mode in Search.

The new model also features an integrated development environment called Antigravity, which is designed to provide an improved coding experience for developers.

KeyBanc observed that Google is demonstrating its ability to make AI tools broadly available to consumers, developers, and enterprises simultaneously while delivering attractive financial returns.

The $330 price target represents a multiple of 24.5 times the firm’s 2027 estimated price-to-earnings ratio for Alphabet.

In other recent news, Alphabet has been actively involved in several significant developments. The company issued a substantial portion of the $121 billion in investment-grade debt among major technology hyperscalers this year, as reported by Bank of America. In addition, Alphabet’s stock received an upgrade from Loop Capital, which raised its rating from Hold to Buy, citing strong AI growth and healthy search results. The investment firm also increased its price target for Alphabet to $320.00. Alphabet is also investing in Africa, committing $2.25 million to enhance AI-ready data systems in collaboration with the UN Economic Commission for Africa. Furthermore, Google has proposed changes to its ad technology business to address a $3.42 billion fine imposed by the European Commission, aiming to resolve the issue without breaking up its operations. Additionally, Google’s announcement of new AI-powered travel tools has put pressure on online travel stocks, leading to significant declines for companies like Expedia Group, Booking Holdings, and Airbnb. These developments highlight Alphabet’s ongoing strategic initiatives and its influence across various sectors.