CCitizens JMP AAlphabet (Google) · GOOGL
Citizens JMP Maintains Market Outperform on Alphabet, $515 PT
Rating
Buy
Price target
$515
Previous
—
Implied upside
+62%
Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL).
“Google intra-day is trading down ~6-7%, at ~$320, which implies Google trades for ~20x our 2027E GAAP EPS of $16.26. Our $515 price target is based on ~32x our 2027E GAAP EPS.
We justify our price target and rating based on Google’s broad benefit from AI, leadership in search and video with YouTube, and distribution with consumers as it has 13 products with 1B+ users.”
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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.
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