Analyst Predicts Positive Price Target for Alphabet Inc

.September 5, 2024
4:09:45 PM

Deepak Mathivanan of Cantor Fitzgerald has set a price target of $190 for NASDAQ:GOOGL, indicating a potential upside of approximately 21.1%. Alphabet’s core Search revenue growth has surpassed 15% in constant currency in the second quarter, showcasing its competitive edge. Despite facing regulatory scrutiny and uncertainties in AI development, Alphabet is expected to navigate the evolving tech landscape successfully.