10:49 AM EDT, 10/30/2025 (MT Newswires) -- Alphabet's (GOOGL, GOOG) investments in artificial intelligence are driving "strong" growth in all major segments, with the company's consolidated revenue rising to $102.3 billion in Q3 and outperforming consensus by about 2.5%, Deutsche Bank said in a report Thursday.

The firm said the tech giant reported "virtually no hair" in its Q3 results.

Deutsche Bank said the company's AI Overviews saw robust engagement in the latest quarter, particularly among younger users, showing "solid monetization."

Deutsche Bank also noted that "hundreds of thousands" of advertisers are already using AI Max, "unlocking billions of net-new queries."

Deutsche Bank lifted its price target on the company to $340 from $260 and maintained a buy rating.

Alphabet's Class A and C shares were both up 5.4% in recent trading.

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