Alphabet (GOOGL) Price Target Raised to $485 by Tigress Financial on AI Leadership

Tigress Financial Partners has raised its price target on Alphabet (GOOGL) to $485 from $415, maintaining a Strong Buy rating. The firm cites Alphabet's AI leadership as a key driver for growth across its Search, Cloud, and YouTube businesses 🔗.

Key points:

• AI investments are expanding Search capabilities and strengthening advertising performance.
• Google Cloud and AI platforms (Gemini, TPUs) are creating new monetization channels.
• Strong Q2 results showed Search momentum, rising Cloud growth, and margin expansion.
• The company's revenue surged 20% over the last twelve months to $445.87 billion 🔗.