This article was written by Shalu Saraf and reviewed by Gilan Miller-Gertz.
Alphabet (GOOGL) isn’t losing momentum; in fact, it continues to build on a strong run, backed by steady progress in artificial intelligence, according to Cantor Fitzgerald. In a new note, top Cantor analyst Deepak Mathivanan upgraded GOOGL stock from Neutral to Overweight and raised his price target to $370 from $310, implying about 15% upside from current levels.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
It is worth noting that Mathivanan ranks 282 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 61%, with an average return per rating of 18.4% over a one-year timeframe.
Why the Analyst Turned More Positive on GOOGL
The five-star analyst said Alphabet was one of the top internet stocks in 2025, with shares up 66%, as its lead in AI became clearer. He pointed to strong progress with the Gemini models, faster rollout of AI tools in Google Search, and steady growth of the Gemini app.
Support also came from the legal side. The analyst said recent moves in the U.S. search antitrust case eased worries about forced asset sales or lost deals, removing a key risk for the stock.
Looking ahead to 2026, Mathivanan said Alphabet’s outlook remains strong as AI moves from what he called the “Frenzy Phase” into a more stable “Synergy Phase.” He believes Alphabet is one of the few companies best placed to benefit from this shift.
Alphabet’s position is supported by its huge scale. The company already runs 35 data center campuses, with more than 20 still being built. It is also rolling out TPU v7 chips, with TPU v8 expected to be announced at a future Google I/O event, usually held in May. This scale helps Alphabet roll out AI tools faster and reach users more efficiently than most rivals.
Is GOOGL Stock a Buy?
The stock of Alphabet has a consensus Strong Buy rating among 33 Wall Street analysts. That rating is based on 26 Buy and seven Hold recommendations issued in the last three months. The average GOOGL price target of $336.58 implies 4.61% upside from current levels.
