JP Morgan Raises Alphabet Price Target to $395 as AI Infrastructure Monetization Offsets Costs
Google parent Alphabet (GOOGL) received a bullish update from JP Morgan, with analyst Douglas Anmuth raising the 12-month price target to $395 from $385. The new forecast implies 38% upside from current levels near $308, as the tech giant follows Nvidia's playbook by renting AI infrastructure to create revenue streams while controlling costs.
Volatility from Middle East tensions has kept equities rangebound, but JP Morgan's strong buy rating highlights Alphabet's unique positioning. The bank notes Google's ability to monetize AI spending through infrastructure rentals mirrors a strategy that powered Nvidia's ascent.