Reported 2 days ago
KeyBanc analyst Justin Patterson has raised Alphabet Inc.'s price target from $195 to $215, reaffirming an 'Overweight' rating due to strong expected performance in Q2 driven by Search, YouTube, and Cloud services. The firm anticipates revenue of $94.6 billion and positive discussions around AI initiatives, including AI Mode and Waymo. Additionally, KeyBanc has increased its earnings per share estimates for 2025 and 2026, forecasting $9.88 and $10.56 respectively, along with a new estimate of $12.25 for 2027.
Source: YAHOO