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Investing.com - Stifel has raised its price target on Alphabet (NASDAQ:GOOGL) to $218.00 from $200.00 while maintaining a Buy rating on the stock. The move aligns with broader market sentiment, as InvestingPro data shows 12 analysts have recently revised their earnings estimates upward, with the stock maintaining a "GREAT" financial health score.
The investment firm cited generally positive Search trends as a key factor in its decision, noting that AI Overviews continue to monetize at a healthy rate despite weaker clicks.
Stifel observed that better conversion rates for AI-driven search results are leading to higher cost-per-click (CPC) metrics for Alphabet’s core search business.
The firm expects Alphabet to report upside to analyst estimates in its second-quarter results, though it cautioned that any positive market reaction might fade after the earnings announcement.
Stifel acknowledged ongoing challenges for Alphabet, describing the stock as "controversial" due to skepticism over the AI landscape and multiple Department of Justice lawsuits facing the company.
In other recent news, Alphabet is preparing to release its second-quarter earnings report, with analysts from Wolfe Research and Evercore ISI both maintaining an Outperform rating on the company’s stock. Wolfe Research has set a price target of $190.00, while Evercore ISI targets $205.00, anticipating a modest beat for the quarter. Morgan Stanley (NYSE:MS) also raised its price target for Alphabet to $205.00, citing the company’s innovation and improved disclosure as driving factors. Additionally, Google DeepMind, a subsidiary of Alphabet, announced that its Gemini AI system achieved a gold medal standard at the 2025 International Mathematical Olympiad. This marks a significant improvement from the previous year when its AI systems earned a silver medal. Meanwhile, Alphabet, along with other tech giants like Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT), faced scrutiny from U.S. lawmakers regarding the security of submarine communications cables potentially serviced by Chinese and Russian entities. These developments highlight Alphabet’s ongoing advancements and the challenges it faces in maintaining security and investor confidence.
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