Analyst Justin Post from Bank of America Securities reiterated a Buy rating on Alphabet Class A and increased the price target to $430.00 from $370.00.
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Justin Post has given his Buy rating due to a combination of factors, primarily Alphabet’s strong first‑quarter results and accelerating AI contribution to growth. The company materially outperformed expectations in both revenue and earnings, with Search and Cloud growing faster than the market anticipated, while operating margins expanded meaningfully, indicating that the AI investment cycle is already supporting profitability.
Post also highlights the sharp increase in Google Cloud’s contracted backlog, including sizable TPU commitments, which provides multi‑year revenue visibility and supports heavier capital spending. Reflecting stronger momentum in Search and Cloud, he raised his long‑term revenue and EPS forecasts and increased his price objective to $430, applying a higher earnings multiple that he views as justified by the rising share of recurring Cloud revenue and robust AI‑driven catalysts ahead.
In another report released today, Barclays also maintained a Buy rating on the stock with a $405.00 price target.