Alphabet (GOOGL) target raised to $280 by TD Cowen as search and cloud growth remains strong

Alphabet Inc. (NASDAQ:Google) is one of Artificial Intelligence stocks are on the market’s radar. On October 8, TD Cowen analyst John Blackledge raised his price target on the stock to $280.00 (from $270.00) while maintaining a Buy rating.

According to the company, its Q3 Digital Advertising Experts Call was held on October 2nd^{Second abbreviation} It reflects that the company’s research growth remains strong despite the overall uncertainty. The company also expects strong growth in the cloud during the quarter.

TD Cowen’s third-quarter net revenue estimate of 14.6% year over year is 0.7% higher than expected. Furthermore, estimates for operating income and earnings per share (excluding EU fine) are also above consensus, 4% and 6%, respectively.

She added that the company will be monitoring the company’s GenAI efforts.

“We will look for updates on GOOG GenAI efforts, including the continued deployment of AI mode. We have made minor adjustments to LT estimates (FY25 estimates unchanged); and PT price to $280, while maintaining Buy.”

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology holding company that wholly owns the Internet giant Google, among other companies.

While we recognize GOOGL’s potential as an investment, we believe some AI stocks offer greater upside potential and carry less downside risk. If you’re looking for undervalued AI stocks that will also benefit significantly from the Trump-era tariffs and the reshoring trend, check out our free report on Best AI stocks for short term.

Read next:10 AI stocks in the spotlight for investors and 10 Cool AI Stocks to Keep on Your Radar

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