Alphabet’s (GOOGL) Value “Is Just Awesome,” Says Jim Cramer
- Finance
ThePostMaster- 0
- 4 minutes read
We recently published 9 Stocks Jim Cramer Talked About. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks that Jim Cramer talked about.
Technology giant Alphabet Inc. (NASDAQ:GOOGL) has become one of Cramer’s top stocks over the past couple of months. His shift in tone is quite stark, as at the start of 2025, the CNBC TV host was wary of the company due to its woes with the Justice Department. Alphabet Inc. (NASDAQ:GOOGL)’s shares are up by 70.5% over the past year and flat year-to-date. Citizens maintained a Market Outperform rating and a $385 share price target on the firm in February. Artificial intelligence was at the heart of the coverage as the firm pointed out that Alphabet Inc. (NASDAQ:GOOGL)’s competence with Gemini was enabling the company to expand its total addressable market in the search engine space. Roth/MKM raised the share price target to $395 from $365 and kept a Buy rating. It pointed out that Alphabet Inc. (NASDAQ:GOOGL)’s third quarter earnings saw the firm beat estimates across search engine, cloud computing, and subscription segments. Like Roth, Cramer is also impressed by the earnings report:
“I really want to buy Alphabet out of this, because Alphabet has, better, man you know they have a better backlog.
“But I want to buy Alphabet, because they are, they have this, this backlog, you know the performance obligations, they’re catching up, it’s huge. I was surprised, Alphabet’s on fire, for cloud, on fire, it’s terrific.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
