Alphabet Inc. (NASDAQ: GOOGL) Price Target Raised on Strong AI Performance
- Tigress Financial raised its price target for Alphabet Inc. (NASDAQ: GOOGL) from $415 to $485 while maintaining a Strong Buy rating.
- Alphabet reported that nearly 90% of Fortune 100 companies use Gemini Enterprise, while Google Cloud revenue grew 82% year over year in the second quarter.
- Evercore ISI research indicates that AI is strengthening Google's search position rather than weakening its core business.
Alphabet Inc. (NASDAQ: GOOGL) is the parent company of Google, whose major businesses include Search, YouTube, Android, Google Cloud, and a growing portfolio of artificial intelligence products. Alphabet's Class A shares closed at $347.33 on September 17, 2026, giving the company a market capitalization of approximately $4.25 trillion.
On September 17, Tigress Financial analyst Ivan Feinseth raised the firm's price target for Alphabet Inc. (NASDAQ: GOOGL) from $415 to $485 and maintained a Strong Buy rating. The new target represents approximately 39.6% upside from the September 17 closing price. Feinseth cited Alphabet's full-stack AI leadership and its contribution to growth across Search, Cloud, and YouTube.
Alphabet's latest results support this optimistic outlook. The company reported that Google Cloud revenue increased 82% year over year in the second quarter, driven by demand for AI infrastructure and AI solutions. Alphabet also said that nearly 90% of Fortune 100 companies use Gemini Enterprise.
Competition from companies such as OpenAI and Anthropic remains a risk. However, Evercore ISI analyst Mark Mahaney's research suggests that AI adoption is increasing search activity and reinforcing Google's leadership in the search market. This combination of strong Search performance, accelerating Cloud growth, and broad enterprise AI adoption supports a positive long-term outlook for Alphabet Inc. (NASDAQ: GOOGL).
