NASDAQ:ASTI 27 June 2025

May 1, 2026, 10:33 AM EDT. CICC Research raised its price target for Alphabet (NASDAQ: GOOGL) from $388.00 to $407.91, maintaining an outperform rating with a projected upside of 6.15% from recent closes. Other firms like Evercore, BMO Capital Markets, and Mizuho also boosted targets, all holding positive outlooks. Alphabet shares traded near $384.28 despite a slight intraday dip, trailing a 12-month high around $385.84. The company posted strong quarterly earnings on April 29, with EPS of $5.11, beating consensus by $2.47, and revenue of $109.9 billion, surpassing estimates. Valuations remain elevated with a P/E ratio of 29.31 and a market cap exceeding $4.6 trillion. Analyst consensus suggests continued confidence, with an average rating of Moderate Buy and expectations for 11.54 EPS in the current year.