Alphabet shares rallied 2%, outperforming Nasdaq, with positive analyst note setting price target

From Nasdaq: 2025-01-06 16:05:21

Tech giant Alphabet’s shares rallied up to 3.4% before settling at a 2% gain, outperforming the Nasdaq Composite. Hon Hai Precision’s strong AI server numbers boosted tech stocks today.

J.P. Morgan analyst Doug Anmuth issued a positive note on Alphabet, setting a $232 price target. He sees growth in AI, search, cloud business, and “other bets” segment like Waymo and Verily.

Alphabet’s valuation at 22 times earnings estimates makes it the cheapest of the Mag 7. Analysts believe it remains a strong play in the AI revolution in 2025.

Investors are urged not to miss out on potential lucrative opportunities with “Double Down” stock recommendations on companies like Nvidia, Apple, and Netflix.

JPMorgan Chase is an advertising partner of Motley Fool Money. Alphabet executive Suzanne Frey is on The Motley Fool’s board. Motley Fool has positions in Alphabet and JPMorgan Chase.



Read more at Nasdaq: Why Alphabet Rallied Today | Nasdaq