Analysts at Wedbush Securities raised their price target on Alphabet (GOOGL, GOOG) to $175 from $160 and moved it to their "Best Ideas List." Analyst Scott Devitt writes that he believes "the perceived structural risks to Google Search are overstated," adding that he believes Google will benefit from AI.

Yahoo Finance's Josh Lipton and Julie Hyman discuss the call in the video above.

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Editor's note: This article was written by Stephanie Mikulich.