This major Wall Street analyst firm just revised its Google stock price target, while retaining its previous rating.

Key TakeawaysGoogle parent Alphabet is set to report fourth-quarter results after the market closes Tuesday, with analysts mostly bullish on the tech giant's stock.Analysts expect the tech giant to report growing revenue and profits.

Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, while posting cloud revenue that missed analysts' target. The tech giant's shares were down 8% in extended trading.

(Reuters) -Alphabet missed Wall Street estimates for quarterly revenue on Tuesday, in a sign the Google parent was taking a hit from increased competition in the digital advertising market and a slowdown in its cloud computing business.