Citizens Sees More Upside for Alphabet (GOOGL) on AI-Powered Search and GCP Acceleration

Core Viewpoint - Alphabet Inc. is experiencing significant growth driven by advancements in AI and cloud services, with a positive outlook from analysts regarding its stock performance and future earnings potential [1][2]. Group 1: Stock Performance and Analyst Ratings - Citizens has reiterated a Market Outperform rating for Alphabet Inc. with a price target of $290.00, citing optimism about AI and cloud growth [1]. - The stock has increased by 70% over the last six months, indicating strong market performance and potential for further growth [2]. Group 2: Growth Catalysts - Improvements in AI are enhancing the search functionality of Google, which is expected to drive user engagement and revenue [1]. - The Google Cloud Platform (GCP) is anticipated to accelerate growth as additional data center capacity becomes available, contributing to overall company performance [1][2]. Group 3: Future Expectations - Strong results are expected for Google in the third quarter of 2025, surpassing both internal and consensus estimates, reinforcing the positive outlook for the company [2].