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Amit Singh

Alphabet Stock to $515: 3 Reasons the Bull Case Is Getting Stronger

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Alphabet (GOOG) (GOOGL) stock has pulled back after a strong rally, with shares now trading about 16% below their 52-week high. However, at least one analyst has set a $515 price target for Alphabet stock, the highest target on the Street. Reaching that level would represent roughly 50% upside from the stock’s recent closing price of $343.54.

The greatest challenge to the bull case is Alphabet’s rising capital expenditures, as the company continues to invest heavily in artificial intelligence (AI), cloud infrastructure, and computing capacity. Higher spending could pressure near-term free cash flow and margins.

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