Stifel Raises Alphabet Price Target to $346 Following Q4 Advertising Checks

Stifel analyst Mark Kelley raised the price target on Alphabet (NASDAQ: GOOGL) to $346.00 (from $333.00) while maintaining a Buy rating.

“Our checks suggest that 4Q advertising results (both Search & YouTube) should be ahead of the Street and Cloud estimates seem reasonable here.

The setup is a bit tougher than it has been, given the recent run following the latest Gemini release, but we see the stock working higher post-print if fundamentals shake out the way we expect.

The wildcard here is what OpenAI releases in the coming months, which could lead to GOOGL taking a break from its rally.

GOOGL remains one of our top picks in 2026.”

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