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Alphabet A: Canaccord Genuity Reiterates Buy Rating, Raises PT to $270
ByAinvest
Thursday, Sep 4, 2025 8:03 am ET1min read
Alphabet A: Canaccord Genuity Reiterates Buy Rating, Raises PT to $270
On September 2, 2025, Canaccord Genuity reiterated its "Buy" rating on Alphabet Inc (GOOG) and raised its price target to $270, reflecting the positive outlook on the company's performance and growth prospects. This update comes amidst a wave of analyst revisions for several U.S.-listed companies, including Alphabet Inc, Copart Inc, and Leidos [1].Alphabet Inc, the parent company of Google, has been the subject of positive analyst reviews recently. Canaccord Genuity's latest assessment highlights the company's strong financial performance and the potential for further growth. The analyst's decision to raise the price target from $230 to $270 underscores the confidence in Alphabet's ability to continue delivering robust results and expand its market reach.
The revision follows Alphabet's recent financial reports and strategic initiatives, which have shown signs of strong growth. The company's second-quarter results demonstrated significant billings growth and revenue increases, exceeding market expectations. Additionally, the company's strategic partnerships and technological advancements, such as the Vault CRM platform, have been noted as key drivers for future growth [2].
Canaccord Genuity's positive outlook on Alphabet Inc is driven by several factors. The analyst highlights the company's rapid adoption of its Vault CRM platform, which has seen over 100 customers commit to the solution, including commitments from the top 20 biopharma companies. Furthermore, the upcoming Vault CRM Bot and AI agents for regulatory and medical use cases are expected to further differentiate Veeva's offerings, opening new revenue streams through cross-selling opportunities [2].
Despite the strong financial performance and positive analyst reviews, Alphabet's stock has experienced fluctuations in recent weeks. However, Canaccord Genuity's latest update provides investors with a reassuring signal about the company's prospects and the potential for further price appreciation.
References:
[1] Reuters, "Alphabet Inc GOOG: Canaccord Genuity raises target price to $270 from $230," September 2, 2025, https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UR0MM:0-alphabet-copart-leidos/
[2] AInvest, "Veeva Systems: Canaccord Genuity Maintains Hold, PT Raised to $300 from $270," August 25, 2025, https://www.ainvest.com/news/veeva-systems-canaccord-genuity-maintains-hold-pt-raised-300-270-2508/
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