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Alphabet shares already pricing in negative sentiment, says Goldman Sachs

Goldman Sachs keeps a Buy rating and $220 price target on Alphabet (GOOGL) while noting that the stock’s current valuation presents a compelling risk/reward as shares are already pricing in negative investor sentiment. The firm projects Google’s Search & Other revenue growing from about $198B in 2024 to about $318B by 2030. Goldman also maintains that the combination of AI distribution at scale, personalization with ability to leverage first-person data/context across its various apps & services, and infrastructure footprint remain an under-appreciated competitive advantage for Alphabet over the long-term.

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