HSBC upgrades Alphabet to "buy" on strong earnings and revenue beats, raising price target to $370.

HSBC upgraded Alphabet to "buy" and raised its price target to $370, citing strong Q3 earnings with $2.87 EPS and $102.35B in revenue, both exceeding estimates. The stock, trading at a $3.83T market cap, has a 50-day moving average of $270.48 and a 200-day average of $220.62. Analysts maintain a "moderate buy" consensus with a $310.98 average target. Despite recent insider selling of $58M in shares, insiders still hold 11.64% of the company.