Alphabet's AI Initiatives, Strong Ad Performance Fuel Optimism: Analyst
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Keybanc Capital Markets analyst Justin Patterson has maintained an Overweight rating on Alphabet Inc (GOOGL) and raised the price forecast from $195 to $215. He anticipates strong ad performance and a stable macro environment will drive revenue growth to $94.6 billion in Q2, surpassing consensus. Patterson also increased EPS estimates for 2025 and 2026, citing positive trends in AI initiatives and advertiser momentum. Despite a slight decline in stock price, the outlook remains optimistic with favorable foreign exchange conditions and successful talent acquisition strategies.
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