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Investing.com - DA Davidson has reiterated its Neutral rating and $180.00 price target on Alphabet (NASDAQ:GOOGL) stock, highlighting the potential value in a complete corporate breakup. The tech giant, currently trading at $195.69 with a market capitalization of $2.37 trillion, shows strong financial health according to InvestingPro data, with robust cash flows and minimal debt exposure.
The firm believes that Alphabet’s "only way forward" is a comprehensive breakup that would allow investors to selectively own parts of the business they desire, positioning them as competitors to Netflix (NASDAQ:NFLX), AWS/Azure, Nvidia (NASDAQ:NVDA), OpenAI, The Trade Desk (NASDAQ:TTD), and Tesla (NASDAQ:TSLA). With annual revenue of $371.4 billion and a P/E ratio of 20.65, the company maintains strong fundamentals.
In its analysis, DA Davidson specifically focused on Alphabet’s Waymo autonomous driving business, which it estimates could be worth approximately $16 per share as a standalone entity.
Despite maintaining a Neutral rating on the stock, the firm indicated that Alphabet would become its "top mega cap pick" if the company proceeded with the complete breakup strategy it advocates.
The price target of $180.00 remains unchanged from DA Davidson’s previous valuation of the technology giant.
In other recent news, Alphabet has received a reaffirmed Market Outperform rating from Citizens JMP, with a price target of $225.00. This reiteration reflects the research firm’s continued positive outlook on the company. Meanwhile, Google has launched a new feature called Deep Think for its Gemini app, available to Google AI Ultra subscribers. This feature enhances problem-solving capabilities and has shown significant improvements compared to previous versions, achieving Bronze-level performance on the 2025 International Mathematical Olympiad benchmark. Additionally, Google announced its decision to sign the European Union’s General Purpose AI Code of Practice. Despite some concerns about the framework’s potential impact on AI development, the company joins other U.S. model providers in supporting this voluntary code. In related news, BofA Securities has maintained a Buy rating on Apple (NASDAQ:AAPL), setting a price target of $240.00. This comes amidst concerns that Apple could lose a significant portion of the annual payment it receives from Google for search-related arrangements due to potential legal rulings.
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