Overview

• Roth Capital named Alphabet its top mega-cap pick for late 2025, raising its price target to $205 and maintaining a Buy rating
• Evercore ISI’s Mark Mahaney said worst-case antitrust outcomes—such as forced sales or bans—are unlikely and could trigger a clearing event that rerates the stock
• Alphabet’s Google Cloud posted 28% year-over-year revenue growth in Q1, underpinning expectations for further AI infrastructure gains
• Over 1.5 billion users now engage monthly with Google’s AI-powered Search overviews, giving it a scale edge over rival models like OpenAI’s
• U.S. and Chinese antitrust probes plus intensifying AI search competition remain key risks to Alphabet’s outlook