Top Analyst Upgrades Alphabet Stock (GOOGL) to Buy with $320 Price Target - Here’s the Bull Case
Wall Street's latest love letter to Big Tech just dropped - and it's addressed to Alphabet.
The Upgrade That's Turning Heads
One of the street's sharpest analysts just slapped a Buy rating on GOOGL, pushing the price target to a bold $320. That's not just optimism - that's conviction in a market where most forecasts come with more disclaimers than a pharmaceutical ad.
Why Alphabet's Engine Is Purring
Search dominance? Check. Cloud momentum accelerating? Double check. AI integration that actually makes money? Apparently, triple check. While other tech giants talk transformation, Alphabet's quietly stacking revenue streams like a poker pro counting chips.
The analyst's move comes as traditional finance finally admits what crypto natives knew years ago - sometimes the best investment strategy is buying the digital infrastructure everyone uses but nobody understands.
At $320, they're betting Google's search moat, YouTube's content empire, and Cloud's enterprise push create a trifecta that even regulators can't slow down. Because let's be honest - when was the last time you didn't Google something?
Another day, another analyst chasing performance with upgraded price targets - because in today's market, being early is wrong, being late is wrong, but being exactly on time requires a crystal ball most funds misplaced years ago.
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Sanderson is a five-star analyst on TipRanks, ranking #306 out of 10,123 analysts tracked. He has a 59% success rate and an impressive average return per rating of 16.60%.
Why the Analyst Upgraded Alphabet to Buy
Sanderson said earlier concerns about AI hurting Google Search have eased. Many investors worried that chatbots would replace search, but the latest numbers showed the opposite. Search revenue grew 15% in Q3, the strongest growth since the post-COVID period. Sanderson said new AI features like AI Overviews are keeping users engaged and driving more usage.
He also pointed to strong growth in Gemini, Google’s AI assistant. Usage has climbed to more than 650 million users, and Sanderson said traffic has increased sharply in recent months, showing rising interest from both consumers and developers.
Cloud Strength Supports the Bullish Call
Another key factor behind the upgrade is Google Cloud. Demand from companies building and training AI models continues to rise, and Google has landed several large enterprise deals. The cloud backlog has more than doubled over the last five quarters, giving better visibility on future revenue.
He added that Google’s in-house TPU chips are also becoming a selling point. These chips help lower computing costs for AI customers and make Google Cloud more competitive.
Are Google Shares a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on Alphabet stock based on 28 Buys and eight Holds assigned in the past three months. Furthermore, the average Alphabet price target of $267.53 per share implies that shares are trading NEAR fair value.
