Bank of America Alphabet (Google) · GOOGL

BofA Securities Reiterates Buy Rating on Alphabet Ahead of I/O, $430 Price Target

Analyst: Justin Post 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$430
Unchanged
Upside
+54%
GOOGL at $280 today
Bank of America and Alphabet (Google) logos

What the analyst said

BofA Securities analyst Justin Post reiterated a Buy rating and $430.00 price target on Alphabet (NASDAQ: GOOGL).

“Alphabet will kick off its annual developer event (I/O) on May 19 with the keynote at 10am PST.

While the event is developer-focused and unlikely to include financial updates, we expect a broad slate of AI announcements centered on next-gen Gemini LLM capabilities, Gemini powered O/S improvements, deeper Gemini integration across products, search utility improvements, and smart glasses capabilities (we note 8th gen.

TPUs recently announced at Google Cloud Next). Agentic AI will likely be a top theme, with Google expected to announce more autonomous capabilities across its products.

Expectations are a bit elevated into this year’s event, in our view, so N.T. risk is that lack of a “wow” announcement could pressure the stock.

We think longer-term investors will appreciate Gemini improvements, benefits from AI integration across Google’s product stack, and Google’s strong position for agentic assistant leadership.”

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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 $280. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $430 target is 8% above the median.

Since the note GOOGL has moved −30% (from $401). 12-month window: day 169 of 365, closes on May 15, 2027.

Track record

This callOpen: GOOGL has not reached $430 yet. This 12-month target is scored on April 30, 2027. Same target as this firm’s April 30, 2026 note, so it is scored there.

Firm track recordBank of America: 86% of its 37 targets at least a year old were reached within 12 months (#10 of 21 firms). Accuracy ranking →

Bank of America on Alphabet (Google)

Bank of America price targets on Alphabet (Google)

5 calls from April 30, 2026 to October 29, 2026. The target went from $430 to $380 (−12%). The rating stayed Buy.

Bank of America targetGOOGL share price
  1. October 29, 2026Target cut from $430 (−12%)Buy$380
  2. July 16, 2026Kept the $430 targetBuy$430
  3. May 20, 2026Kept the $430 targetBuy$430
  4. May 15, 2026 This noteKept the $430 targetBuy$430
  5. April 30, 2026Earliest call shownBuy$430
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Other analysts on Alphabet (Google)

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 RBC CapitalBuy Cut price target −6%, kept rating Oct 29 $400from $425
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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.