Analyst boosts Google price target, saying it should be the most valuable company on the planet
Google is not the most valuable public company in the world; that distinction goes to Nvidia, which currently has a market cap of $4.3 trillion. But analyst Michael Nathanson of MoffettNathanson thinks it should be, thanks to its AI prowess.
The analyst says its “combination of market leadership, diversification, and scale positions Alphabet not only as a winner in the GenAI era but as a company that should rightly be considered for the title of most valuable company in the world.”
Nathanson raised his price target on the shares to $295 from $230 and laid out four ways AI will “separate Alphabet from peers.” Currently trading at about $242 and with a market cap of nearly $3 trillion, Google just has to rise another trillion-plus dollars in market cap and pass the likes of Apple, Microsoft, and Nvidia to actually take the title of most valuable company.
The analyst says its “combination of market leadership, diversification, and scale positions Alphabet not only as a winner in the GenAI era but as a company that should rightly be considered for the title of most valuable company in the world.”
Nathanson raised his price target on the shares to $295 from $230 and laid out four ways AI will “separate Alphabet from peers.” Currently trading at about $242 and with a market cap of nearly $3 trillion, Google just has to rise another trillion-plus dollars in market cap and pass the likes of Apple, Microsoft, and Nvidia to actually take the title of most valuable company.
