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Wells Fargo analyst Ken Gauvrelski has upgraded Alphabet (GOOG) from "Neutral" to "Buy," and raised the 12-month target price from $353 to $387. This indicates a potential upside of 25% from the current level. The analyst pointed out that buying the stock between $310 and $290 might be more advantageous. Despite the overall volatility in the tech sector and concerns about AI spending, this upgrade remains valid.