Piper Sandler Alphabet (Google) · GOOGL

Piper Sandler Raises Alphabet Price Target to $395

Analyst: Thomas Champion 1 min read Reproduced verbatim
Rating
Overweight
Target
$395
from $365 (+8%)
Outcome
Reached
on May 6, 2026
Piper Sandler and Alphabet (Google) logos

What the analyst said

Piper Sandler analyst Thomas Champion raised the price target on Alphabet (NASDAQ: GOOGL) to $395.00 (from $365.00) while maintaining an Overweight rating.

“Google reported an impressive 4Q25 with total revenue accelerating to +18% (PSC +15.5%) and EBITDA ~2% above. Search / Cloud both accelerated again, although YouTube decelerated notably.

Cloud backlog improved materially to $240BN from $155BN last quarter. As for 2026, CAPEX management sees ~$180BN at the mid-point, well above PSC prior at ~$110BN.

Overall, a strong result across the board despite the CAPEX pressure on FCF. We tweak estimates and especially CAPEX higher, PT moves to $395 from $365. Reiterate OW.”

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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 $283. 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 −15% (from $333). 12-month window: day 273 of 365, closes on February 5, 2027.

Track record

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

Firm track recordPiper Sandler: 78% of its 37 targets at least a year old were reached within 12 months (#15 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 →

Piper Sandler on Alphabet (Google)

Piper Sandler price targets on Alphabet (Google)

6 calls from February 5, 2026 to October 29, 2026. The target went from $395 to $345 (−13%). The rating stayed Buy.

Piper Sandler targetGOOGL share price
  1. October 29, 2026Target cut from $400 (−14%)Buy$345
  2. September 28, 2026Target raised from $395 (+1%)Buy$400
  3. July 23, 2026Target cut from $445 (−11%)Buy$395
  4. June 1, 2026Target raised from $425 (+5%)Buy$445
  5. April 30, 2026Target raised from $395 (+8%)Buy$425
  6. February 5, 2026 This noteEarliest call shownBuy$395
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Other analysts on Alphabet (Google)

Wells FargoBuy Cut price target −2%, kept rating Nov 2 $365from $371 Wells FargoBuy Cut price target −11%, kept rating Oct 30 $371from $417 TD CowenBuy Cut price target −5%, kept rating Oct 29 $460from $485 BMO CapitalBuy Cut price target −11%, kept rating Oct 29 $425from $480 CantorBuy Cut price target −17%, kept rating Oct 29 $350from $420
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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.