Truist Alphabet (Google) · GOOGL

Truist Securities Raises Alphabet Price Target to $430

Analyst: Youssef Squali 1 min read Reproduced verbatim
Rating
Buy
Target
$430
from $415 (+4%)
Upside
+51%
GOOGL at $285 today
Truist and Alphabet (Google) logos

What the analyst said

Truist Securities analyst Youssef Squali raised the price target on Alphabet (NASDAQ: GOOGL) to $430.00 (from $415.00) while maintaining a Buy rating.

“Looking at backlog (as of 3/31)+recent deals, cons. revenue ests for Google Cloud are below what they should be.

We believe revenue growth should accelerate throughout 2026 from 63% in Q1 to the mid-80% by YE, cons. is projecting a deceleration to the 50%s; We are raising our Google Cloud revenue estimates for FY26 and FY27 to better reflect the potential flow through from its recently announced $200B partnership with Anthropic (private) and the corresponding recognition in revenues from the backlog.

Below we’ve provided a framework for the potential revenue contribution from this deal.

Key underlying assumptions include the recognition of the current backlog over an average period of approximately five-six years.

It also includes the planned launch of TPU sales (which is set to begin later this year).”

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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 $285. 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 −25% (from $380). 12-month window: day 158 of 365, closes on June 1, 2027.

Track record

This callOpen: GOOGL has not reached $430 yet. This 12-month target is scored on June 1, 2027.

Firm track recordTruist: 79% of its 28 targets at least a year old were reached within 12 months (#16 of 26 firms). Accuracy ranking →

Truist on Alphabet (Google)

Truist price targets on Alphabet (Google)

6 calls from February 5, 2026 to October 29, 2026. The target went from $385 to $410 (+6%). The rating stayed Buy.

Truist targetGOOGL share price
  1. October 29, 2026Target cut from $420 (−2%)Buy$410
  2. October 21, 2026Kept the $420 targetBuy$420
  3. July 23, 2026Target cut from $430 (−2%)Buy$420
  4. June 1, 2026 This noteTarget raised from $415 (+4%)Buy$430
  5. April 30, 2026Target raised from $385 (+8%)Buy$415
  6. February 5, 2026Earliest call shownBuy$385
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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.