Raymond James Raises PT on Alphabet Inc. (GOOGL); Maintains ‘Outperform’ Rating

With a significant presence in Bill Ackman’s stock portfolio, Alphabet Inc. (NASDAQ:GOOGL) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.

Raymond James Raises PT on Alphabet Inc. (GOOGL); Maintains ‘Outperform’ Rating

Google

Raymond James increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $185 to $210, maintaining an ‘Outperform’ rating. The analyst attributed the price revision to the company’s increasing AI monetization efforts, which are beginning to generate profits. Therefore, despite regulatory concerns, several analysts have revised their earnings estimates upward. Raymond James highlighted the Department of Justice’s ongoing antitrust case as manageable.

Furthermore, the analyst’s revised price target for Alphabet Inc. (NASDAQ:GOOGL) is based on a 17x estimated 2027 earnings multiple, which is below peers like Meta, Amazon, Microsoft, Nvidia, and Apple. Thus, Raymond James believes that GOOGL offers strong upside potential.

Alphabet Inc. (NASDAQ:GOOGL) is a global conglomerate company that owns Google. Bill Ackman has bought 10.76 million shares of Alphabet Inc. (NASDAQ:GOOGL) as of Q1 2025.

While we acknowledge the potential of GOOGL to grow, 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 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.