In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Alphabet Class C (GOOG – Research Report), with a price target of $195.00.
John Blackledge has given his Buy rating due to a combination of factors, including the solid growth in Google’s search advertising spend, which remained robust in the first quarter of 2025 despite broader macroeconomic concerns. The expert insights suggest that Google’s search business, particularly its direct response advertising, is well-positioned to weather economic headwinds as it tends to be the last area where advertisers cut spending.
Despite trimming revenue, operating income, and EPS estimates slightly for the years 2025 to 2030 due to softening consumer sentiment and tariff impacts, Blackledge maintains a positive outlook on Alphabet. The stock is trading at attractive valuation multiples compared to its market-leading advertising business and strong growth potential in its cloud segment. Consequently, he has set a price target of $195, reflecting confidence in Alphabet’s ability to continue delivering solid financial performance.
In another report released on March 27, Guggenheim also maintained a Buy rating on the stock with a $190.00 price target.