Alphabet (GOOG) PT Raised to $275 at Raymond James

Raymond James analyst Aaron Kessler raised the price target on Alphabet (NASDAQ: GOOG) to $275.00 (from $210.00) while maintaining a Outperform rating.

The analyst comments "We walk away from recent ad and cloud checks incrementally more bullish on search revenues and thus raise our 2025 and 2026 estimates and update our price target to $275 based on 21.5x 2027 P/E, a ~30% discount vs. AI Winners (NVDA, MSFT, AVGO, ORCL) and a ~10% premium to the S&P. Our updated SoTP outlines the $350 Bull Case driven by core search, AI Search/Gemini and GCP."

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