"Mizuho analyst Lloyd Walmsley raised his price target for Alphabet to $420, citing the partnership with Anthropic and improved backlog trends as catalysts for stronger growth."
"Wolfe Research cut its price target to $360, maintaining an Outperform rating, reflecting a cautious view on near-term valuation headroom despite acknowledging underlying business momentum."
"Alphabet closed fiscal 2025 with $402.84 billion in annual revenue, up 15.09% year over year, and Q4 FY2025 delivered EPS of $2.82, beating estimates."
"Google Cloud grew 48% year over year to $17.66 billion, with segment operating income more than doubling to $5.31 billion, showcasing strong performance."
Wolfe Research reduced its price target for Alphabet to $360, while Mizuho increased its target to $420, both maintaining Outperform ratings. Mizuho's analyst cited Alphabet's partnership with Anthropic and positive trends in backlog as growth catalysts, projecting Google Cloud revenue could reach $149 billion by 2027. Wolfe Research's cut reflects caution on near-term valuation despite recognizing business momentum. Alphabet reported $402.84 billion in annual revenue for fiscal 2025, with significant growth in Google Cloud and a durable performance in Google Search.
Read at 24/7 Wall St.
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