BofA Global Research raises Alphabet price objective to $210 from $200

BofA Global Research raises Alphabet price objective to $210 from $200

BofA Global Research has increased its price target for Alphabet (GOOG, Financial) to $210, up from the previous $200. This move comes ahead of Alphabet’s upcoming second-quarter earnings report scheduled for July 23. The research firm noted that spending growth in the quarter showed improvement as it progressed, prompting a slight upward adjustment in their expectations [1].

BofA now anticipates Alphabet’s third-quarter revenue to reach $81 billion, with earnings per share at $2.21. This is compared to the market consensus of $79.5 billion in revenue and $2.15 EPS. The firm maintains a Buy rating on the stock [1].

The average one-year price target for Alphabet Inc (GOOG, Financial), as offered by 18 analysts, is $203.00, with a high estimate of $225.00 and a low estimate of $185.00. This implies an average upside of 9.91% from the current price of $184.70 [1].

Based on the consensus recommendation from 21 brokerage firms, Alphabet Inc's (GOOG, Financial) average brokerage recommendation is currently 1.6, indicating an "Outperform" status. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Sell [1].

GuruFocus estimates the GF Value for Alphabet Inc (GOOG, Financial) in one year to be $200.49, suggesting an upside of 8.55% from the current price of $184.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples and future performance estimates [1].

Analysts are generally bullish on Alphabet, with 15 out of 19 covering the stock having a "buy" or equivalent rating. The consensus price target is near $200, implying nearly 9% upside over the stock’s Thursday close. Shares of Alphabet are down about 2% for 2025 but are up nearly 1% today at around $185 [2].

Jefferies analysts believe Google’s Cloud division benefits from strong enterprise demand and AI momentum, expecting revenue to have jumped 26% year-over-year to $13.11 billion. Advertising revenue will also be in focus, with the rise of generative AI posing a threat to traditional search. The Street projects revenue from Google’s Search and Other division to have risen about 9% to $52.81 billion [2].

Analysts on average expect Alphabet to report total revenue of $93.86 billion, up 11% year-over-year, and net income of $26.57 billion, or $2.17 per share, compared with $23.62 billion, or $1.89 per share, a year earlier [2].

A federal judge is expected to rule next month on what steps Google will have to take roughly a year after the company was found to have maintained an illegal monopoly in search. Cantor analysts maintained a "neutral" rating for Alphabet stock, citing the uncertainty surrounding the antitrust ruling. BofA also noted that the outlook of the antitrust ruling is the "question everyone would like to ask, but Google can't answer at this time" [2].

References:
[1] https://www.gurufocus.com/news/2987092/alphabet-goog-price-target-raised-by-bofa-ahead-of-q2-earnings-goog-stock-news
[2] https://www.investopedia.com/what-analysts-think-of-google-parent-alphabet-stock-ahead-of-earnings-11774904