Citizens JMP Reaffirms Market Outperform on Alphabet, $515 Price Target
- Rating
- Buy
- Unchanged
- Target
- $515
- Unchanged
- Upside
- +46%
- GOOGL at $352 today
What the analyst said
Citizens analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL) on August 24, 2026.
“WSJ reports that OpenAI grew revenue 18% Q/Q to $6.7B, while Anthropic more than doubled its revenue to $11.6 billion in the same period.
Frontier models sustaining growth is positive for cloud providers AWS (AMZN, MO, $315 PT) and GCP (GOOGL, MO, $515 PT) as it suggests that training investments are seeing returns through inference.
This reinforces that demand for compute will remain tight near term.”
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Where the price stands
GOOGL trades at $352. The 24 analysts who set a target in the last 3 months range from $350 to $515, with a median of $420. This $515 target is 23% above the median, the highest on the Street.
Since the note GOOGL has moved +2% (from $345). 12-month window: day 48 of 365, closes on August 24, 2027.
Track record
This callOpen: GOOGL has not reached $515 yet. This 12-month target is scored on August 24, 2027.
Firm track recordToo early to score Citizens JMP: price targets are 12-month calls and fewer than 3 of its targets are a year old. 1 of its 9 open targets have already been reached. How we score
Citizens JMP on Alphabet (Google)
Citizens JMP price targets on Alphabet (Google)
8 calls from July 13, 2026 to August 31, 2026. The target stayed at $515. The rating stayed Buy.
- August 31, 2026Kept the $515 targetBuy$515
- August 26, 2026Kept the $515 targetBuy$515
- August 24, 2026 This noteKept the $515 targetBuy$515
- August 17, 2026Kept the $515 targetBuy$515
- August 14, 2026Kept the $515 targetBuy$515
- July 24, 2026Kept the $515 targetBuy$515
- July 23, 2026Kept the $515 targetBuy$515
- July 13, 2026Earliest call shownBuy$515
