Alphabet Price Target Hiked to $485 on Strong Search Momentum

Tigress Financial has raised its price target for Alphabet (GOOGL) to $485, citing strong Search momentum and rising Cloud growth in second-quarter results.

The analyst, Ivan Feinseth, noted that Alphabet's AI leadership is becoming a key growth engine across the company's core businesses.

Google Search and other revenue increased 17% year over year in the second quarter, while Google Cloud reported an 82% year-over-year increase in revenue during the same period.

Tigress Financial believes Alphabet's diversified ecosystem, technological scale, and financial resources provide a foundation for continued long-term growth.