Bank of America Analyst Maintains Buy Rating on Alphabet Class A Stock

NEW YORK, NY — An analyst from Bank of America Securities has reaffirmed a Buy rating for Alphabet Class A stock, maintaining a price target of $200.00. The announcement was made by Justin Post, who cited various factors that bolster Alphabet’s position and growth potential.

Post emphasized that despite rising competition from emerging platforms like ChatGPT and ongoing scrutiny from the Department of Justice regarding its search practices, Alphabet’s robust integration and proprietary data serve as significant strengths. These factors not only enhance monetization prospects but also provide a solid foundation against market pressures.

In addition, Post highlighted Alphabet’s non-search sectors, including its Cloud services, YouTube, and Waymo projects, which he believes are undervalued yet capable of substantial growth. He noted that potential regulatory clarity could empower Alphabet to adopt a more aggressive approach in its artificial intelligence strategies.

This positive outlook is echoed by Citi, which yesterday also maintained a Buy rating for Alphabet with a slightly higher price target of $203.00. The consensus among analysts indicates strong investor confidence in Alphabet’s future.