Analyst Jason Helfstein from Oppenheimer maintained a Buy rating on Alphabet Class C and increased the price target to $425.00 from $360.00.
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Jason Helfstein has given his Buy rating due to a combination of factors, notably Alphabet’s positioning as a leading, vertically integrated AI platform and its accelerating financial performance. Search revenue growth has re‑accelerated, Google Cloud Platform is expanding rapidly with sharply improving profitability, and overall operating income is rising faster than revenue, reflecting strong margin leverage and disciplined expense control.
He also highlights robust AI‑driven business momentum, including record query volumes, growing adoption of Gemini enterprise subscriptions, and a surging Google Cloud backlog, which together support durable multi‑year growth in both advertising and cloud. Based on these trends and higher long‑term earnings expectations, he raises his 12–18 month price target to $425, implying attractive upside from current levels and justifying a continued Buy recommendation.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $450.00 price target.