Raymond James raises Alphabet target price to $210 from $185

Raymond James raises Alphabet target price to $210 from $185

Raymond James has upgraded its price target for Alphabet Inc. (NASDAQ: GOOGL) to $210 from $185, reflecting the tech giant's strong performance and positive analyst sentiment. The investment bank, known for its comprehensive research and analysis, has been bullish on Alphabet, citing robust financials and a promising outlook.

The upgrade comes on the heels of Alphabet's strong quarterly performance, which has been well-received by Wall Street analysts. Raymond James noted that the company's earnings exceeded expectations, with revenue growth driven by advertising and Google Cloud services. The firm also highlighted Alphabet's successful expansion into new markets and products, such as Google's hardware division and its growing presence in the metaverse.

Raymond James analysts have increased their third-quarter and 2025 estimates for Alphabet, aligning with the broader Wall Street consensus. The research firm remains optimistic about Alphabet's ability to maintain its growth trajectory, despite the challenges posed by regulatory headwinds and increased competition.

The price target upgrade is a reflection of Raymond James' confidence in Alphabet's long-term prospects. The firm believes that the company's strong balance sheet, diversified revenue streams, and innovative culture position it well for future success. However, Raymond James also acknowledges the risks associated with Alphabet's business, including regulatory scrutiny and the potential impact of economic downturns on advertising spending.

In conclusion, Raymond James' upgrade of Alphabet's price target to $210 reflects the investment bank's positive outlook on the tech giant's future prospects. The upgrade is based on Alphabet's strong financial performance, positive analyst sentiment, and the firm's belief in the company's long-term growth potential.

References:
[1] https://finance.yahoo.com/news/roblox-raymond-james-sees-merit-135653547.html
[2] https://seekingalpha.com/article/4803804-raymond-james-stock-rising-markets-offset-cash-headwinds-rating-upgrade
[3] https://www.investing.com/news/analyst-ratings/wedbush-raises-alphabet-stock-price-target-to-225-on-strong-results-93CH-4150413