JP Morgan Alphabet (Google) · GOOGL

JPMorgan Raises Alphabet Price Target to $395

Analyst: Doug Anmuth 1 min read Reproduced verbatim
Rating
Overweight
Target
$395
from $385 (+3%)
Outcome
Reached
on May 6, 2026

JP Morgan’s latest target on Alphabet (Google) is now $375 (Oct 29, 2026); the median of 31 firms is $400. JP Morgan has reached 64% of its year-old targets (28 scored).

JP Morgan and Alphabet (Google) logos

What the analyst said

JPMorgan analyst Doug Anmuth raised the price target on Alphabet (NASDAQ: GOOGL) to $395.00 (from $385.00) while maintaining an Overweight rating.

“Google reported very strong 4Q results with accelerating growth in Search and Cloud, but capex will be the story coming out.

The 2026 capex outlook for $175B-$185B was well above our previous (Street high) estimate of $142B.

Importantly, we believe the doubling of capex Y/Y comes from a position of strength, with Gemini now at 750M MAUs & showing significantly higher engagement per user, Google Cloud revenue accelerating to +48% w/backlog up 55% Q/Q to $240B, & Search revenue accelerating to +17% as AI continues to expand the market.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

GOOGL trades at $288. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $395 target is 1% below the median.

Since the note GOOGL has moved −13% (from $333). 12-month window: day 277 of 365, closes on February 5, 2027.

Track record

This call✓ Target reached on May 6, 2026, 3 months after the note.

Firm track recordJP Morgan: 64% of its 28 targets at least a year old were reached within 12 months (#22 of 26 firms). Accuracy ranking →

Earnings reactionOne of 21 notes after Alphabet (Google)’s Feb 4 results: 19 raised · 0 cut · 2 kept. See every call →

JP Morgan on Alphabet (Google)

JP Morgan price targets on Alphabet (Google)

5 calls from February 5, 2026 to November 9, 2026. The target went from $395 to $375 (−5%). The rating stayed Buy.

JP Morgan targetGOOGL share price
  1. November 9, 2026Rating only, no price targetBuyNo target
  2. October 29, 2026Target cut from $425 (−12%)Buy$375
  3. October 15, 2026Target cut from $460 (−8%)Buy$425
  4. April 30, 2026Target raised from $395 (+16%)Buy$460
  5. February 5, 2026 This noteEarliest call shownBuy$395
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Other analysts on Alphabet (Google)

Wells FargoBuy Cut price target −2%, kept ratingCut target Nov 2 $365from $371−2% Wells FargoBuy Cut price target −11%, kept ratingCut target Oct 30 $371from $417−11% TD CowenBuy Cut price target −5%, kept ratingCut target Oct 29 $460from $485−5% BMO CapitalBuy Cut price target −11%, kept ratingCut target Oct 29 $425from $480−11% CantorBuy Cut price target −17%, kept ratingCut target Oct 29 $350from $420−17%
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.