Raytheon awarded $71 million in Navy contracts for missile systems
Investing.com - Citizens JMP analyst firm has reiterated its Market Outperform rating for Alphabet (NASDAQ:GOOGL) with a price target of $225.00.
The research firm maintained its positive outlook on the Google parent company in a note issued to investors on Monday.
Citizens JMP indicated that Google has a significant opportunity to streamline corporate excesses, which could benefit the company’s financial performance.
The analyst firm specifically noted that 2026 could see higher incremental profitability for Alphabet beyond the anticipated increase in depreciation and infrastructure costs.
This maintained rating comes as Alphabet continues to navigate its position in the competitive technology landscape while managing its operational efficiency. According to InvestingPro, the company maintains an overall Financial Health score of "GREAT," with 12 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Google has introduced Deep Think for Gemini app Ultra subscribers, enhancing problem-solving capabilities with a variation of the model that excelled at the International Mathematical Olympiad. Additionally, Google plans to sign the European Union’s General Purpose AI Code of Practice, despite concerns about potential impacts on AI development. The company also unveiled new AI Mode features aimed at assisting students and educators during the back-to-school season, which includes the ability to ask questions about images and upload PDFs for enhanced learning.
Meanwhile, BofA Securities has maintained its Buy rating on Apple (NASDAQ:AAPL), setting a price target of $240.00, despite potential revenue risks from Google search payments. The firm suggests Apple could lose up to half of the over $20 billion it receives annually from Google if legal rulings affect these payments. In another development, Avis Budget (NASDAQ:CAR) Group announced a multi-year strategic partnership with Waymo to launch a fully autonomous ride-hailing service in Dallas. Avis will manage fleet operations, while Waymo will handle the ride-hailing service and technology. These developments reflect ongoing strategic shifts and technological advancements in the industry.
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