Alphabet stock targets $310 as profit growth and RSI momentum support rally

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Sholanke Dele

24.11.2025

Alphabet stock targets $310 as profit growth and RSI momentum support rally — Alphabet reached $307 premarket

Alphabet Inc. [GOOGL] surged over 2% in today’s premarket session, and reached a new all-time high of $307 per share, lifting November’s month-to-date gain to nearly 9%. This latest milestone follows a consistent pattern of intraday higher highs and higher lows since mid-November, as shown on the hourly chart. The rally continues to build strength, even as broader market concerns about overvaluation and an AI bubble persist.

- Alphabet reached $307 premarket, lifting November gains to nearly 9% on strong fundamentals.

- RSI at 68 and rising volume confirm bullish momentum, still supported by investor demand.

- Valuation at 26 times earnings keeps Alphabet attractive relative to Magnificent Seven peers.

Last week, Alphabet stock climbed above the $300 psychological level for the first time and posted a weekly high at $306 before closing Friday at exactly $300. That zone now acts as a reference point for short-term traders and may serve as support during any intra-session pullback. The upside has not triggered technical exhaustion. The daily RSI currently reads 68, showing strong momentum but still below the typical overbought threshold of 70.

Alphabet price dynamics (Oct - Nov 2025). Source: Tradingview

Participation in the rally has also grown. Over the past ten trading sessions, there has been a clear rise in daily volume, suggesting stronger investor conviction. This increase in demand validates the price strength and reduces the chance that recent gains are driven only by passive flows or low-volume buying.

Alphabet margin growth and AI spending strengthen long-term profitability outlook

Alphabet’s fundamental strength continues to justify the market’s positive response. In the third quarter, the company delivered a 39% rise in pretax profit while expanding pretax margins by seven percentage points. This was achieved even though capital expenditure nearly doubled to $24 billion from $13 billion a year earlier. The company’s ability to sustain high spending while improving profitability highlights the efficiency of its investments, especially in artificial intelligence infrastructure.

Among the Magnificent Seven tech names, Alphabet stands out in terms of valuation and return efficiency. At 26 times earnings, it is still the second cheapest of the group, behind only Meta Platforms at 20 times. However, while Meta’s margins declined by two percentage points over the past year, Alphabet’s margins grew, giving it a stronger footing in the current cycle of AI expansion.

If price holds firmly above the $300 base, momentum traders could begin to target $310 next. But failure to stay above that level may prompt profit-taking and drag price back into last week’s range.

We discussed how Alphabet surged past $300 after the Gemini 3.0 launch reaffirmed its AI leadership. Berkshire’s $4.9 billion stake added confidence to Alphabet’s long-term AI growth story.

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