Evercore raises GOOGL PT to $450: Search share rebounds to 78%, Gemini gains on ChatGPT
aronchick · x · 2026-09-17
Following its tenth proprietary Search survey, Evercore reiterated Outperform on $GOOGL and raised its PT from $420 to $450 (25x '28 EPS of $18.11, implying 30%+ upside). Google holds 78% selection as primary search engine, strengthening for four straight quarters after bottoming at 70% in '24/early '25, and Gemini has gained share on ChatGPT. The retweeter, long GOOGL, mocks skeptics to keep counting Google out.
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