Wedbush Raises Alphabet Price Target to $370

Analyst: Scott Devitt 1 min read Reproduced verbatim
Rating
Outperform
Target
$370
from $360 (+3%)
Outcome
Reached
on April 30, 2026
Wedbush and Alphabet (Google) logos

What the analyst said

Wedbush analyst Scott Devitt raised the price target on Alphabet (NASDAQ: GOOGL) to $370.00 (from $360.00) while maintaining an Outperform rating.

“Concerns around the impact of genAI on the business are fading, and we are increasingly constructive on the longer-term durability of the segment.

We see additional opportunity to unlock more use cases and drive incremental monetization.

The company is already experimenting with ads in AI mode, and recent reports suggest Google will bring ads to Gemini this year.

We also highlight partnerships that will further bolster the company’s offering, with Google serving as Apple’s preferred Cloud provider while working to power the next Siri model.

We maintain our Outperform rating while our PT rises to $370.”

Disclaimer
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 $370 target is 8% 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 April 30, 2026, 3 months after the note.

Firm track recordWedbush: 65% of its 23 targets at least a year old were reached within 12 months (#20 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 →

Wedbush on Alphabet (Google)

Wedbush price targets on Alphabet (Google)

2 calls from February 5, 2026 to July 15, 2026. The rating stayed Buy.

Wedbush targetGOOGL share price
  1. July 15, 2026Rating only, no price targetBuyNo target
  2. February 5, 2026 This noteEarliest call shownBuy$370
Share
Share on
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.