KeyBanc Reiterates Overweight Rating on Alphabet (GOOGL)

KeyBanc analyst Justin Patterson reiterated an Overweight rating and $195.00 price target on Alphabet (NASDAQ: GOOGL)

The analyst comments: "We believe Google I/O 2025 reoriented investors back to first principles, i.e., AI success requires a combination of engineering, infrastructure, and distribution, and Alphabet is well positioned across these areas. Importantly, Gemini 2.5 is being distributed through Google AI Mode (which appears next to search), which we believe will help usage and open up paths for commercialization. By tiering AI products between free and paid models, we believe Google is well positioned to meet both consumer and professional needs, and overcome concerns of 'peak search.' We maintain our OW rating and $195 PT (19x 2026E P/E)."

For an analyst ratings summary and ratings history on Alphabet click here. For more ratings news on Alphabet click here.

Shares of Alphabet closed at $163.98 yesterday.

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