Citizens Reiterates Market Outperform on Alphabet, $515 PT

Citizens analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL) on August 14, 2026.

“Google last closed at $346.36, which implies shares trade for 21.3x our 2027E GAAP EPS of $16.27. Our unchanged $515 price target is based on ~32x 2027E GAAP EPS.

We justify Google’s rating and price target given its leadership in digital video with YouTube and search, distribution with multiple products that have 1B+ users, and high profitability.”

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