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JP Morgan raises Alphabet PT amid AI optimism

ReutersDec 12, 2025 11:28 AM

Brokerage JP Morgan raises PT for Alphabet GOOGL.O to $385 from $340

Brokerage says GOOGL is its top pick into 2026 as JP Morgan expects AI leadership, stack strength, data advantages and global distribution to drive growth acceleration and margin stability

"We continue to believe there is a healthy runway across Search and YouTube ads as AI drives higher ROI & TV dollars shift online" - JP Morgan

Gemini App is gaining share with 650M+ MAUs, and we believe robust AI-driven demand will drive acceleration in Cloud growth into the 40's%+ range, JP Morgan says

Brokerage says Waymo's rapid scaling demonstrates co's ability to innovate and execute beyond Search and Cloud

56 of 65 brokerages covering the stock recommend rating of "buy" or higher, while others recommend "hold"; stock has a median PT of $322.50, according to LSEG-compiled data

As of last close, GOOGL had gained ~65% YTD

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