KeyBanc has increased its price target for Alphabet (GOOG, Financial) from $195 to $215 while maintaining an Overweight rating on the stock. The firm anticipates a robust second quarter, forecasting revenue to reach $94.6 billion, largely fueled by Search, YouTube, and Cloud services. Additionally, KeyBanc expects positive discussions around Alphabet's AI initiatives, including AIMode and Waymo, as well as improvements in expense management. Management is likely to emphasize the strategic advantages of Alphabet's comprehensive platform in AI.
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 $203.00 with a high estimate of $225.00 and a low estimate of $185.00. The average target implies an upside of 10.46% from the current price of $183.77. 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 $200.14, suggesting a upside of 8.91% from the current price of $183.77. 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.
