BMO Capital has increased its price target for Alphabet (GOOG, Financial) from $200 to $208, maintaining an Outperform rating on the stock. The firm is optimistic about Google's AI advancements, which are expected to boost spending from current advertisers and attract new small to medium-sized businesses. As a result, BMO has revised its Search growth forecasts for the second quarter and 2025 to 10% and 11%, respectively, up from previous estimates of 9% and 10.6%.
Alphabet is highlighted as a Top Pick, with its shares currently trading at 18 times the expected earnings for the next 12 months, which is below the five-year average of 22.5 times. BMO's positive outlook reflects confidence in Alphabet's potential for continued growth and profitability.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Alphabet Inc (GOOG, Financial) is $202.67 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 10.86% from the current price of $182.81. More detailed estimate data can be found on the Alphabet Inc (GOOG) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Alphabet Inc (GOOG, Financial) in one year is $200.64, suggesting a upside of 9.75% from the current price of $182.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Alphabet Inc (GOOG) Summary page.
