Goldman Sachs Reiterates Buy Rating on Alphabet, $450 Price Target

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $450.00 price target on Alphabet (NASDAQ: GOOGL).

“Building off of its AI progress over the past several years, Alphabet hosted a number of industry events over the past several days: Google I/O 2026 (with the keynote kicking off its annual multi-day developer conference), Google Marketing Live, YouTube Brandcast and The Android Show.

Across these events, Alphabet showcased a number of new products, services and features across its suite of products (Search, YouTube, Gmail, Maps, Workspace, Google Cloud, Android/Pixel & Gemini), progressing toward the company’s long-term vision of having Gemini AI capabilities integrated into the user experience across all its consumer and enterprise services.

Against what are some outstanding investor debates on both capital intensity/return on spend (through both its core advertising & Cloud businesses) and the long-tailed nature of legacy search advertising (in an increasingly agentic-driven consumer compute landscape), Google continues to accelerate the pace of AI innovation across its businesses as evidenced by several announcements/updates showcased across the three events.

In our view, these events showcase how the company is well-positioned across a wide array of form factors & user interfaces that cover how AI-powered search may evolve over time.”

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