Brent Thill of Jefferies expects the summer slump in spending to continue trending back upward. (See Alphabet Stock Analysis on TipRanks) Bullishly stating that GOOGL "remains a top large-cap pick," Thill rated the stock a Buy and declared a price target of $3,325 per share. The five-star analyst explained that in the fourth quarter, online brand managers may wish to "flush," or spend, all of their budgets on hefty ad campaigns, in case the same copious amounts of cash are no longer allotted the following fiscal year.