Alphabet Shares Rise as Evercore and Tigress Lift Targets on Search Rebound

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Alphabet shares climbed in premarket trade after Evercore ISI analyst Mark Mahaney raised his price objective to $450 from $420, citing new data showing Google's search position has rebounded. In Evercore's most recent poll, 78% of respondents said they used Google as their preferred search engine in August, up from a low of 70% in 2024 and early 2025. Mahaney said Google's search leadership has improved over the last year and lifted his expectations for Google's search revenue through 2028, with his sales and operating income estimates for 2028 now 4% to 5% above the Wall Street consensus. Alphabet also benefited from a Sept. 16 court verdict that fell short of requiring Google to divest its ad-tech division, though the company has been ordered to adjust its advertising tactics and allow monitoring for six years. Tigress Financial also increased its price target to $485 from $415.

Impact on stocks 2

Artificial Intelligence · 1 stocks
Alphabet Inc Class C
GOOG
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Evercore and Tigress both lifted Alphabet price targets on rebounding Google search share and raised revenue estimates.

Financials · 1 stocks

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Off-coverage companies 1

Tigress Financial Partners, LLCPrivate± Mixed
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