5/104 sources · 4 publishersUpdated Oct 13, 15:49 UTC
BNP Paribas lifts Alphabet price target to $450 from $420
+2 new sources since this summary was written
BNP Paribas raised its target price for Alphabet to $450, up from $420. The bank said the increase reflects the revenue upside from the company's tensor processing units. At the time of the announcement Alphabet shares were trading around $351.66. The new target implies a 26.5‑times multiple of the bank’s earnings estimate.
Why it matters
The higher target may improve investor sentiment and could prompt traders to adjust positions toward Alphabet, as the valuation now assumes stronger TPU‑driven growth. BNP Paribas notes the target is based on a 26.5‑times earnings multiple.
Key facts
- 1BNP Paribas raised Alphabet's price target to $450. marketscreener.com
- 2The previous target was $420. marketscreener.com
- 3Alphabet shares were trading at $351.66 at the time of the announcement. marketscreener.com
- 4The new target is based on a 26.5‑times multiple of estimated earnings. seekingalpha.com
- 5BNP Paribas cited revenue potential from Alphabet's tensor processing units (TPUs). seekingalpha.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.