Wells Fargo Lowers Alphabet Price Target to $361

Analyst: Ken Gawrelski 1 min read Reproduced verbatim
Rating
Overweight
Target
$361
from $397 (−9%)
Outcome
Reached
on April 30, 2026
Wells Fargo and Alphabet (Google) logos

What the analyst said

Wells Fargo analyst Ken Gawrelski lowered the price target on Alphabet (NASDAQ: GOOGL) to $361.00 (from $397.00) while maintaining an Overweight rating.

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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 $279. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $361 target is 10% below the median.

Since the note GOOGL has moved −6% (from $297). 12-month window: day 215 of 365, closes on April 2, 2027.

Track record

This call✓ Target reached on April 30, 2026, 28 days after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#22 of 26 firms). Accuracy ranking →

Wells Fargo on Alphabet (Google)

Wells Fargo price targets on Alphabet (Google)

8 calls from January 12, 2026 to June 2, 2026. The target went from $350 to $435 (+24%). The rating moved from Hold to Buy.

Wells Fargo targetGOOGL share price
  1. June 2, 2026Kept the $435 targetBuy$435
  2. May 20, 2026Target raised from $427 (+2%)Buy$435
  3. May 1, 2026Target raised from $361 (+18%)Buy$427
  4. April 2, 2026 This noteTarget cut from $397 (−9%)Buy$361
  5. March 27, 2026Target raised from $387 (+3%)Buy$397
  6. February 23, 2026Upgraded to Buy, target raised from $354 (+9%)Buy$387
  7. February 5, 2026Target raised from $350 (+1%)Hold$354
  8. January 12, 2026Earliest call shownHold$350
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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.