Alphabet shares rise 121% over the past year as analysts maintain Buy ratings with price targets up to $450.
Jim Cramer labeled Alphabet (GOOGL) a “crucial position” in his charitable trust, citing strong AI and quantum computing initiatives. The stock has surged 121% over the past year and 21% year-to-date, outperforming broader tech benchmarks on NASDAQ.
Analysts at TD Cowen and Bank of America reiterated Buy ratings, setting price targets of $450 and $430, respectively. TD Cowen highlighted Waymo’s 92% growth in passenger journeys, while Bank of America expects AI-related announcements at Alphabet’s upcoming developer event.
Cramer praised Alphabet’s recent I/O developer event, referencing a report by Ben Reitzes of Melius Research on Google’s advancements in agentics and AI.