Wall Street analysts are optimistic about Alphabet (GOOGL), predicting that its stock price will continue to rise, mainly due to growth in Waymo, YouTube, and cloud computing businesses. Previously, it was reported that mutual funds had purchased $12.56 billion worth of shares, and subsequently, fund managers bought an additional $2.37 billion worth of GOOGL stock. Revenue for the fourth quarter is expected to grow 16% to $111.1 billion, with earnings per share increasing 22% to $2.63. The analyst target price range is $220 to $375, and the current stock price is approaching its buy zone at $328.83.