Raymond James Raises PT on Alphabet Inc. (GOOGL); Maintains 'Outperform' Rating

With a significant presence in Bill Ackman’s stock portfolio, Alphabet Inc. (NASDAQ:GOOGL) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.

Raymond James increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $185 to $210, maintaining an ‘Outperform’ rating. The analyst attributed the price revision to the company’s increasing AI monetization efforts, which are beginning to generate profits. Therefore, despite regulatory concerns, several analysts have revised their earnings estimates upward. Raymond James highlighted the Department of Justice’s ongoing antitrust case as manageable.

Furthermore, the analyst’s revised price target for Alphabet Inc. (NASDAQ:GOOGL) is based on a 17x estimated 2027 earnings multiple, which is below peers like Meta, Amazon, Microsoft, Nvidia, and Apple. Thus, Raymond James believes that GOOGL offers strong upside potential.

Alphabet Inc. (NASDAQ:GOOGL) is a global conglomerate company that owns Google. Bill Ackman has bought 10.76 million shares of Alphabet Inc. (NASDAQ:GOOGL) as of Q1 2025.

While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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