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Evercore ISI analyst Mark Mahaney has assigned the stock a $400 price target.
Evercore ISI's Mark Mahaney assigned Alphabet a $400 price target, 16% above its last close.
KEY POINTS
- Google Cloud's backlog has more than doubled to $240 billion, signaling strong enterprise demand.
- Alphabet plans $175 billion in 2026 capital expenditures, mainly for AI servers and data centers.
- Rising costs from AI infrastructure are expected to weigh on margins and free cash flow near term.
- YouTube's growth appears mixed with potential deceleration amid changing monetization dynamics.
COMPANIES
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