Bank of America Securities analyst Justin Post maintained a Buy rating on Alphabet Class A yesterday and set a price target of $335.00.
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Justin Post has given his Buy rating due to a combination of factors that highlight Alphabet’s strengthening competitive position in AI and search. He points to rapid user growth and engagement for Gemini across both web and mobile, with Gemini’s traffic and daily active users expanding significantly faster than most peers, signaling rising adoption of Google’s AI capabilities. At the same time, Google’s core search franchise remains robust, with global search share edging higher and overall web visits and mobile usage showing healthy year-over-year gains.
Post also believes the market may not fully appreciate the upside from integrating Gemini and AI-native experiences into search, which could enhance user engagement and ad conversion, supporting stronger monetization in 2026. While he acknowledges risks from a richer valuation relative to its historical average and intensifying competition from other AI platforms and potential new ad products, he views these as manageable given Alphabet’s scale, product breadth, and execution so far. With the stock trading at a forward earnings multiple he considers reasonable in light of growth prospects and AI momentum, he maintains a Buy rating and a price objective of $335.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $390.00 price target.