What the analyst said

Raymond James analyst Aaron Kessler reiterated a Strong Buy rating and $400.00 price target on Alphabet (NASDAQ: GOOGL).

“The Call: Cloud growth accelerated to 48% as RPO grew 150%+ propelled as new $1B+ deals in 2025 surpassed the prior three years combined as ad momentum was broad-based propelled by retail and DR supporting our previous Street high 2027 estimates (LINK).

Reiterate Strong Buy on favorable AI Stack positioning across infra, models and distribution surfaces (i.e., search evolution to AIO/AIM generating more valuable clicks) remains underappreciated with GOOG at 25x 2027 P/E trading below AAPL at 29x.

Read-through: we see GOOG/META (LINK) reads as positive for RDDT (LINK) who reports Thursday.

AMC that is up against negative sentiment. Recap: Google beat by ~2% with Search/Cloud revenues up 17%/48% (vs. Street at 13%/36% and buyside expectations of 15%/40%).

Operating income of $38.0B (OM: 33.4%; ex-one-time Waymo SBC charge) beat Street expectations of $36.9B (OM: 33.2%). Capex for 2026 was guided to $175-180B, up 97% y/y at the midpoint.”

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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 $400 target is in line with 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 8, 2026, 3 months after the note. Same target as this firm’s January 22, 2026 note, so it is scored there.

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

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

Raymond James on Alphabet (Google)

Raymond James price targets on Alphabet (Google)

2 calls from January 22, 2026 to February 5, 2026. The target stayed at $400. The rating stayed Buy.

Raymond James targetGOOGL share price
  1. February 5, 2026 This noteKept the $400 targetBuy$400
  2. January 22, 2026Earliest call shownBuy$400
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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.