Truist Securities Raises Alphabet Price Target to $385

Truist Securities analyst Youssef Squali raised the price target on Alphabet (NASDAQ: GOOGL) to $385.00 (from $350.00) while maintaining a Buy rating.

“GOOGL’s stronger 4Q results reflect a healthy ad mkt but also accelerating growth traction across Search & Cloud, an impressive feat given its scale.

The Search performance in particular suggests that the rise of Gen AI is expanding the Search TAM, that Google remains the monetization engine of choice & that this remains its war to lose.

Higher user engagement/ad monetization in Search and strength in Cloud are fueled by AI integration and AI workloads.

The higher Capex guide for 2026 is not surprising given the race to SGI but we believe is justified as long as the company continues to grow revenue & profitability higher for longer and supports buybacks & dividends.”

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.