Citizens reiterates Market Outperform rating on Alphabet stock

Investing.com - Citizens has reiterated its Market Outperform rating and $290.00 price target on Alphabet (NASDAQ:GOOGL), despite the stock’s 70% gain over the past six months. According to InvestingPro data, the tech giant’s market capitalization now stands at $3.03 trillion, with shares trading near their 52-week high of $256.96.

The research firm believes Alphabet has further growth potential, citing artificial intelligence improvements to the company’s search functionality as a key driver.

Citizens also points to Google Cloud Platform (GCP) as a growth catalyst, noting it could accelerate as additional data center capacity becomes available.

The firm expects Alphabet to report third-quarter 2025 results that exceed both its own projections and the consensus estimates.

Alphabet shares have shown significant momentum in 2025, with the stock climbing 70% over the past six-month period according to Citizens’ analysis.

In other recent news, Google has introduced Google Skills, a new platform designed to enhance AI and technical skills, offering nearly 3,000 courses, labs, and credentials. This initiative integrates resources from Google Cloud, Google DeepMind, and other educational branches of the company, targeting learners from students to seasoned professionals. Meanwhile, Waymo, a subsidiary of Alphabet, is under scrutiny as the National Highway Traffic Safety Administration (NHTSA) has opened an investigation into approximately 2,000 of its robotaxis. The probe focuses on the interaction of these autonomous vehicles with stopped school buses, though further details have not been disclosed.

Additionally, Alphabet’s health tech arm, Verily, has launched Verily Me, a consumer health app offering personalized health advice from licensed clinicians. This app aims to provide users with recommendations based on comprehensive medical records. In another development, OpenAI’s launch of the Atlas browser presents a potential challenge to Google Chrome, yet analysts like Gene Munster from Deepwater Asset Management believe Google is equipped to respond effectively. These developments reflect Alphabet’s ongoing efforts to innovate across various sectors, from technology and education to health and transportation.

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