Piper Sandler Analyst Raises Alphabet Stock Price Target Amid Strong AI Citation Growth
On June 1, Piper Sandler analyst Thomas Champion raised his price target for Alphabet (GOOGL) to $445 from $425. The adjustment follows new data showing a significant increase in citations on Google's AI-powered search products, with daily citations rising approximately 16 times since early 2025 and Alphabet’s citation share reaching 19.2%, up 11 percentage points year-over-year.
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