Tigress Financial Hikes Google Stock Price: See New Target

Alphabet’s Google stock (NASDAQ: GOOG) opened Tuesday’s trading session at $350. The search giant saw an uptick of nearly 2.3% in five trading sessions, going from a low of $340 to $350. Analysts are confident that the leading equity is consolidating in price before going above the $400 zone. GOOG fell from a yearly high of $408 in mid-May and has not reached the $400 level in four months. This is testing the patience of investors, as no meaningful gains have been seen since then.

On the heels of the ongoing price grind, investment banking and capital markets research firm Tigress Financial has hiked Google stock’s price target to a higher and bullish number. The firm wrote in a note to clients, urging financial institutions to begin accumulating GOOG. Ivan Feinseth, the Chief Investment Officer of Tigress Financial, reiterated his buy rating for Google stock with a higher price target. In this article, we will highlight how high GOOG can reach, according to the latest price estimates.

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Google Stock New Price Target: Tigress Financial Goes Bullish

Ivan Feinseth of Tigress Financial has upgraded Google stock’s price target to $485. The previous target delivered by the analyst for GOOG was $415. Therefore, the financial strategist has increased the target by $70. Traders can expect to make a profit of $135 per share if the price prediction turns out to be accurate. It also marks an uptick and a return on investment (ROI) of approximately 38% from its current price of $350.

Therefore, an investment of $1,000 could turn into $1,380 if the price prediction reaches the mentioned target. That’s a staggering return, as not every asset is capable of delivering double-digit gains. This makes Google stock a must-watch equity, as the returns are impressive. Google’s Gemini is also closing the gap with OpenAI’s ChatGPT by 3%. If it outpaces its competitor, Alphabet stock could see a massive jump in value.