Cantor Fitzgerald Maintains Neutral Rating on Alphabet (GOOGL), Keeps PT

On Wednesday, June 4, Cantor Fitzgerald analysts reiterated a “Neutral” rating for Alphabet Inc. (NASDAQ:GOOGL) and maintained the price target of $171.

The analysts highlighted potential risks to Alphabet Inc.’s (NASDAQ:GOOGL) future earnings if it loses pre-installation agreements with Samsung.

Cantor Fitzgerald Maintains Neutral Rating on Alphabet (GOOGL), Keeps PT

A laptop and phone open to Google’s services in an everyday setting.

The analysts estimate a potential 3-5% decline in the company’s fiscal year 2026 estimated earnings before interest and taxes (EBIT) if Samsung’s search share falls by 40-50% because of competition from Perplexity.

Cantor Fitzgerald analysts also pointed out that Alphabet Inc. (NASDAQ:GOOGL) could face declines in search queries if it does not deliver effective AI-powered tools over time.

Alphabet Inc. (NASDAQ:GOOGL) owns and operates Google, which is the largest search engine in the world. However, the company relies heavily on collaborations with device manufacturers like Samsung to maintain its leading market position.

While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds.

Disclosure: None.