Alphabet Stock to $515: 3 Reasons the Bull Case Is Getting Stronger Alphabet's recent slide has raised questions about whether the company can live up to its lofty price targets, including a $515 valuation set by at least one analyst.
Despite concerns over rising capital expenditures and near term free cash flow, we argue that Alphabet's AI driven growth story remains compelling. The company's advertising business is a key driver of this growth.
As Alphabet continues to invest in AI, its core ad revenue engine – Google Search – has become increasingly robust.