Bernstein analyst Mark Shmulik raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $185 from $165 and keeps a Market Perform rating on the shares. The company delivered against lowered expectations for Q1 but Offred almost no color on how the tariff and macro effects could impact Google’s business through the year, the analyst tells investors in a research note. Bernstein found management’s tone around “winning AI” incremental with the company sharing 1.5B monthly AI Overviews users against 2B daily search users, and no share loss to ChatGPT on commercial search.
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