Reported 2 days ago
Cantor Fitzgerald analyst Deepak Mathivanan has raised Alphabet Inc.'s (GOOGL) price target to $196 while maintaining a 'Neutral' rating, anticipating strong 2Q25 results driven by its search and YouTube businesses. The firm remains cautious due to ongoing antitrust concerns, despite being optimistic about Google's position in artificial intelligence. While they have updated EPS estimates for FY26E upwards by 3%, the analysts believe shares will face challenges outperforming ahead of the upcoming antitrust ruling.
Source: YAHOO