Tigress Financial analyst Ivan Feinseth raised Alphabet’s price target to $485 from $415 on Sept. 17, retaining a Buy rating and citing Q2 Search momentum, Cloud growth and margin expansion. The firm sees AI as a growth engine across Alphabet’s core businesses.
In Q2, Google Search and other revenue rose 17% year over year, Google Cloud revenue climbed 82%, and YouTube ad revenue grew 13%. Alphabet ended the quarter with about $514 billion in Cloud backlog.
Alphabet’s AI push requires heavy spending on data centers, computing infrastructure and specialized chips; higher capital expenditures could pressure free cash flow and profitability if AI revenue fails to justify the outlay. Tigress says its capital allocation lets the company invest while maintaining financial flexibility. Insider Monkey’s database counted 275 hedge funds holding Alphabet in Q2, up from 265 in Q1. Berkshire Hathaway increased its position 46% to about $28.16 billion, and Fisher Asset Management raised its stake 3% to about $14.29 billion. As of Aug. 31, 77.77 million shares were sold short, about 1.32% of the company’s shares.
