Mahaney Sees $450 Price Target for Alphabet Stock Amid Bullish Outlook

Despite Google's stock being on a downtrend since May, Wall Street remains bullish about Alphabet's equity. Analyst Mark Mahaney from Evercore ISI raised his 12-month price target for GOOGL shares by 7.14%, forecasting a rally to $450.

This upward revision is based on the recovery of Google's core business, its search engine, and gains in Gemini AI relative to ChatGPT.

While some analysts are optimistic about Google stock, not all agree. D.A. Davidson's Gil Luria issued a 'Hold' recommendation with no 12-month price target recorded. However, the overall rating positions Google as a 'Strong Buy.'