Analyst sets Google stock price target after earnings
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⚈ Alphabet beat Q1 expectations with $2.81 EPS and $90.23 billion in revenue.⚈ Analyst Ivan Feinseth raised his GOOGL price target to $240 citing AI strengths.⚈ AI innovation and Apple partnership may boost Google’s advertising and cloud growth. On April 24, Google parent Alphabet held its Q1 2025 earnings call — the results didn’t disappoint, and Google stock (NASDAQ: GOOGL) reacted positively to the news. The quarterly report was a double beat, with both earnings per share (EPS) of $2.81 and revenues of $90.23 billion having outpaced consensus estimates at $2.01 and $89.12 billion, respectively. A day prior to the earnings call, GOOGL stock closed at $159.28. In pre-market trading on May 1, Google shares were changing hands at a price of $160.78, some 0.94% higher, having avoided the post-earnings dip seen with many tech stocks last quarter. GOOGL stock price year-to-date (YTD) chart. Source: Finbold The earnings lifted investor sentiment, and one Wall Street analyst has recently revisited his coverage, issuing a forecast that predicts a lot of upside going forward. Google stock to benefit from unique AI advantage, says analyst On April 30, Tigress Financial equity researcher Ivan Feinseth doubled down on an earlier ‘Strong Buy’ rating on GOOGL stock, and increased his price target from $220 to a Street-high $240. If met, Feinseth’s forecast would equate to a 49.27% rally from current prices. In a note shared with investors, the analyst contextualized his decision by highlighting several factors. First and foremost, per Feinseth, Google maintains a unique advantage in the artificial intelligence (AI) space, as the company has the capacity to develop every component of its technology stack. Moreover, the researcher expects that the company’s ongoing AI innovation and implementation will continue to drive increasing advertising and cloud monetization, revenue, and cash flow growth. Many of the…
Filed under: News - @ May 1, 2025 11:22 am