CNBC Daily Open: The U.S. inflation jump scare is not here — at least not yet

Written by Emily J. Thompson, Senior Investment Analyst

GOOGL+0.22%

GOOG+0.21%

Source: CNBC

Updated: 08-13

5mins

Source: CNBC

U.S. Inflation and Tariffs: July's consumer price index showed a lower-than-expected annual rate of 2.7%, leading to speculation about the impact of tariffs on future inflation, with some economists predicting noticeable price increases by October.
London's Financial Future: London's status as a global financial hub is under scrutiny due to Brexit-related challenges, but business leaders remain optimistic about potential opportunities for growth despite competition from other major cities.

GOOGL.O

$199.750+8.230%Past 6 months

Line

Candle

YTD

Intellectia

Analyst Views on GOOGL

Wall Street analysts forecast GOOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 216.48 USD with a low forecast of 187.00 USD and a high forecast of 240.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

35 Analyst Rating

8.61% Upside

26 Buy

9 Hold

0 Sell

Moderate Buy

8.61% Upside

Current: 199.320

Low

187.00

Averages

216.48

High

240.00

8.61% Upside

Current: 199.320

Low

187.00

Averages

216.48

High

240.00

Rosenblatt

Barton Crockett

Buy

initiated

$17

2025-08-20

New

Reason

Rosenblatt

Barton Crockett

Price Target

$17

2025-08-20

New

initiated

Buy

Reason

Rosenblatt analyst Barton Crockett initiated coverage of PubMatic (PUBM) with a Buy rating and $17 price target. The company's Q2 earnings report unearthed a second problem in a major DSP relationship, setting the stage for a decline in adjusted EBITDA in 2026, but because PubMatic remains a meaningful and capable AdTech player with significant strengths that have made it the #3 SSP, these operating challenges seem likely to be overcome, the analyst tells investors in a research note. PubMatic - like Magnite (MGNI) - has a near-term geometric upside opportunity from remedies likely to arise in 2026 from Google's (GOOGL) AdTech antitrust loss, the firm added.

B. Riley

upgrade

$8 -> $14

2025-08-18

New

Reason

B. Riley

Price Target

$8 -> $14

2025-08-18

New

upgrade

Reason

B. Riley raised the firm's price target on TeraWulf (WULF) to $14 from $8 and keeps a Buy rating on the shares. TerraWulf announced a 10-year colocation agreement with Google (GOOGL)-backed Fluidstack, the analyst tells investors in a research note. Any upcoming announcements on financing should serve as the most meaningful catalysts in the near-term, B. Riley adds.

Loop Capital

Hold

maintain

$165 -> $190

2025-08-05

Reason

Loop Capital

Price Target

$165 -> $190

2025-08-05

maintain

Hold

Reason

Loop Capital raised the firm's price target on Alphabet to $190 from $165 but keeps a Hold rating on the shares. The firm is bumping up its assumed earnings multiple back to 15-times from 12.5-times, saying the company's core advertising businesses proved more resilient and that the management is doing a good job of expense management, the analyst tells investors in a research note. Loop adds however that while resilience in near-term results and higher estimates warrants a higher share price, it does not expect this to change longer-term secular concerns.

Wells Fargo

Equal Weight

maintain

$184 -> $187

2025-07-29

Reason

Wells Fargo

Price Target

$184 -> $187

2025-07-29

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on Alphabet (GOOGL) to $187 from $184 and keeps an Equal Weight rating on the shares. The firm expects Google Cloud to see meaningful tailwind in FY26 from OpenAI and Anthropic compute workloads with revenue contribution accelerating to +6pts from neutral in 2025. Wells estimates Anthropic was headwind to Google Cloud growth in the first half of 2025, as training workload mix shifted to AWS (AMZN) from GCP in 2025. This reinforces the firm's view that Google Cloud's Q2 outperformance was driven by core strength, supportive of industry growth. It expects Anthropic headwinds to yield to OpenAI tailwinds in the second half of 2025 and continue into 2026.

See All Ratings

About GOOGL

Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.

About the author

Preview

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.