Deepak Mathivanan from Cantor Fitzgerald sets a price target of $171 for Alphabet Inc. (NASDAQ:GOOG), indicating a potential increase of about 5.9%.
Alphabet reports strong first-quarter earnings with a 12% revenue growth and a 13% increase in free cash flow, boosting investor confidence.
Despite AI competition, Alphabet’s diversified business model and solid financial health support a buy rating, with the stock valued at 20 times forward free cash flow.
On April 25, 2025, Deepak Mathivanan from Cantor Fitzgerald set a price target of $171 for Alphabet Inc.’s stock (NASDAQ:GOOG). At the time, the stock was priced at $161.47, suggesting a potential increase of about 5.9%. Alphabet, Google’s parent company, recently reported strong first-quarter earnings, which boosted investor confidence and led to a 5% rise in the stock price after hours.
Alphabet’s robust financial performance is evident in its 12% revenue growth and a 13% increase in free cash flow. This growth counters bearish views and supports a buy rating for the stock. Despite competition in the AI sector, Google’s valuation at 20 times forward free cash flow remains attractive, thanks to its diversified business model and solid financial health.
The company’s search and advertising divisions have shown strong growth, even with rising AI competition. Alphabet’s shares rose in extended trading after surpassing revenue and profit expectations. Google Services and Google Cloud achieved their highest operating margins, with Google Services recording an impressive incremental margin of around 70%.
Alphabet’s stock, currently priced at $161.47, has seen a daily fluctuation between $158.10 and $161.71. Over the past year, the stock reached a high of $208.70 and a low of $142.66. With a market capitalization of approximately $1.95 trillion and a trading volume of 26.9 million shares, Alphabet remains a significant player in the tech industry.