CCitizens JMP AAlphabet (Google) · GOOGL
Citizens JMP Reiterates Market Outperform on Alphabet, $515 Price Target
Rating
Buy
Price target
$515
Previous
—
Implied upside
+44%
Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL).
“In Google’s State of AI infrastructure report (GOOGL, MO, $515 PT), 83% of organizations say they require infrastructure upgrades to support production-grade agentic AI with 29% stating the requirement of major upgrades to specific core systems.
We have yet to see enterprise AI spending fully proliferate, given that the infrastructure upgrade cycle remains early, which we view positively for hyperscalers.”
Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
