CCitizens JMP AAlphabet (Google) · GOOGL
Citizens Affirms Market Outperform on Alphabet, $515 PT
Rating
Buy
Price target
$515
Previous
—
Implied upside
+48%
Citizens analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL).
“Alphabet (GOOGL, MO, $515 PT) last closed at $346.96, which implies shares trade for 21.3x our 2027 GAAP EPS of $16.27. Our unchanged $515 price target is based on ~32x our 2027E GAAP EPS.
We justify our rating and price target given its distribution with consumers across search, YouTube and Android, the growth of GCP, and its leading margins.”
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