On CNBC's “Mad Money Lightning Round,” Jim Cramer said Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is going to $400.

Supporting his view, BMO Capital analyst Brian Pitz, on Wednesday, maintained Alphabet with an Outperform rating and raised the price target from $400 to $410.

JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Monday with a $395 price forecast for Alphabet. The firm named the tech giant a "Top Pick" just as the Google Cloud Next event kicked off in Las Vegas.

Also, PepsiCo (NASDAQ:PEP) entered a multi-year agreement to deploy Google Cloud’s Gemini Enterprise Agent Platform, strengthening its digital infrastructure and advancing its multi-cloud strategy. The partnership aims to address key areas, including supply chain management and go-to-market execution.

Cramer added Arm Holdings plc (NASDAQ:ARM) to the “buy” list of his Charitable Trust. The stock gained 21 points on Wednesday.

“This is the type of thing I'm talking about. You have to be in it," Cramer added.

Lending support to his choice, Susquehanna analyst Chris Rolland, on April 16, maintained ARM Holdings with a Positive rating and raised the price target from $170 to $210.

Price Action

  • Alphabet shares gained 2.1% to settle at $339.32 on Wednesday.
  • Arm shares gained 12% to settle at $196.57 on Wednesday.

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