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TD Cowen Raises Alphabet Target to $350 on AI-Driven Search Growth

TD Cowen Raises Alphabet Target to $350 on AI-Driven Search Growth

Published:
2025-12-12 18:01:01
16
2
BTCCSquare news:

TD Cowen analyst John has increased Alphabet's price target to $350, citing AI-driven growth in Google Search and rising adoption of Gemini. The new target implies a 12% upside from Thursday's close, building on the stock's 65% rally this year.

Google's rollout of AI overviews in Search has prompted a revised five-year compound annual growth rate forecast of 10.2%, up from 9.6%. Survey data shows accelerating engagement as users activate AI Mode and rely on AI-powered summaries for queries.

Gemini's trajectory appears even more striking. Monthly average users are now projected to reach 850 million by end-2025, up from a prior 600 million estimate. The AI assistant could hit 3 billion users by 2030 as it gains share from competitors like ChatGPT.

|Square

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