Alphabet Class C, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst Saiyi He from CMB International Securities maintained a Buy rating on the stock and has a $425.00 price target.
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Saiyi He has given his Buy rating due to a combination of factors tied to Alphabet’s stronger-than-expected first-quarter 2026 performance and accelerating growth drivers. Alphabet’s revenue and operating income both surpassed market expectations, with robust expansion in Search and Cloud demonstrating solid operating leverage even as the company steps up its artificial intelligence spending.
He emphasizes that AI is reinforcing Alphabet’s core businesses by lifting search usage, enhancing ad monetization efficiency, and fueling rapid expansion in Google Cloud, where revenue growth and margins are both improving. Supported by a rapidly growing cloud backlog and management’s willingness to invest heavily in high-return AI infrastructure, he raises his revenue projections and revises the price target up to $425, while maintaining a constructive view on Alphabet’s competitive positioning and long-term earnings power, thus justifying the Buy rating.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $460.00 price target.