CCitizens JMP AAlphabet (Google) · GOOGL
Citizens JMP Reaffirms Market Outperform on Alphabet, $515 PT
Rating
Buy
Price target
$515
Previous
—
Implied upside
+49%
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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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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