Alphabet Inc <GOOG.O>: TD Cowen raises target price to $475 from $450

TD Cowen has raised its price target for Alphabet Inc. (NASDAQ:GOOG) to $475 from $450, maintaining a "Buy" rating for the stock, according to recent reports. This adjustment follows Alphabet’s strong first-quarter earnings, which saw the company report $5.11 in earnings per share and $109.9 billion in revenue—well above analyst expectations. The performance was driven in part by the continued growth of Alphabet’s Google Cloud division, which reported a 63% year-over-year revenue increase.

The firm highlighted Alphabet’s recent product announcements, including the expansion of its Gemini AI assistant into millions of vehicles with Google Built-In, as well as the new AI-powered advertising formats. These developments, combined with the company’s strong cash reserves—approximately $144 billion in cash—support the upgraded outlook.

Alphabet’s stock currently trades at $382.12, near its 52-week high of $404.47. The company’s shares have delivered a 127% return over the past year, reflecting strong investor confidence in its AI-driven growth strategy. However, some analysts caution that the stock may be overvalued based on fair value assessments.