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Investing.com - Goldman Sachs has raised its price target on Alphabet (NASDAQ:GOOGL) to $330.00 from $288.00 while maintaining a Buy rating following the company’s third-quarter earnings report. The tech giant, currently trading near its 52-week high at $274.57, has delivered impressive returns with a 58.08% gain over the past year and a remarkable 8.49% jump just last week, according to InvestingPro data.
The Google parent company demonstrated strong growth in its Search & Other segment, with both paid clicks and cost-per-click increasing 7% year-over-year across various verticals, according to Goldman Sachs.
YouTube showed continued momentum with advertising revenue growing 15% year-over-year, while management highlighted increasing contributions from subscription offerings within the YouTube complex.
Goldman Sachs identified Google Cloud as the highlight of the results, noting 34% year-over-year revenue growth, 79% year-over-year revenue backlog growth, and 23% segment operating margins.
Alphabet has increased its 2025 capital expenditure guidance from approximately $85 billion to a range of $91-93 billion, prompting Goldman Sachs to adjust its 2026 capital expenditure estimate to approximately $122 billion, representing 32% year-over-year growth.
In other recent news, Alphabet has seen a flurry of activity with multiple investment firms adjusting their stock price targets. JPMorgan has increased its price target for Alphabet to $300, highlighting the company’s strong financial performance and AI innovation as key drivers. KeyBanc Capital Markets also raised its target to $300, citing product momentum across Alphabet’s various business segments. Stifel raised its target to $292, attributing the increase to favorable outcomes in the antitrust case against Alphabet’s Search business. Meanwhile, Microsoft has maintained its position as a strong player in the cloud market, with DA Davidson reiterating a Buy rating and a $650 price target based on continued growth in Microsoft Azure. Additionally, Google has announced a new partnership with the United Service Organizations (USO) to deploy its AI-powered 3D video communication platform, Google Beam, to USO centers starting in 2026, aiming to support military families during deployments. These developments reflect ongoing strategic moves and market confidence in these tech giants.
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