Alphabet Class A, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Justin Post from Bank of America Securities maintained a Buy rating on the stock and has a $335.00 price target.
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Justin Post has given his Buy rating due to a combination of factors that highlight Alphabet’s strong positioning in the AI sector. The recent launch of Gemini 3 Pro, which offers enhanced contextual understanding and problem-solving capabilities, is a significant advancement for Google. This development is expected to help Alphabet close the performance gap with its AI competitors and drive user engagement across its platforms, as evidenced by the impressive adoption metrics for AI Overviews and the Gemini app.
Furthermore, Post notes several potential positives that could support Alphabet’s stock performance through the end of the year. These include strong search and Gemini usage data, accelerating search revenue growth, and new capabilities for users leveraging Gemini. Additionally, Alphabet’s attractive valuation as an AI leader, along with anticipated cloud service growth, positions the company well for the upcoming AI-driven technology cycle. These factors collectively underpin Post’s optimistic outlook for Alphabet’s stock.