Piper Sandler Alphabet (Google) · GOOGL

Piper Sandler Raises Alphabet Price Target to $445

Analyst: Thomas Champion 1 min read Reproduced verbatim
Rating
Overweight
Target
$445
from $425 (+5%)
Upside
+57%
GOOGL at $283 today
Piper Sandler and Alphabet (Google) logos

What the analyst said

Piper Sandler analyst Thomas Champion raised the price target on Alphabet (NASDAQ: GOOGL) to $445.00 (from $425.00) while maintaining an Overweight rating.

“We publish our first analysis of citations data across searches in Google’s AI Overview and AI Mode.

The data demonstrates AI-assisted Search is expanding rapidly (daily citations up ~16x since early 2025) and a handful of companies are dominant content sources.

We see this as most positive for GOOGL, RDDT, and META.

Most Positive for Google; Raising Search Estimates and PT: AI Search appears to be in a period of rapid expansion and reflected in Search revenue results.

Citations does not equal Search query or revenue growth per se, but the step-function growth in citations since early 2025 is consistent with management commentary that AI Mode generates queries 3x longer than traditional search and that queries are at “all-time highs.” Alphabet leads citation share at 19.2% (up 11pp y/y), driven by YouTube and Google properties, and is the clear beneficiary of AI Search growth.

We raise Search revenue estimates 1% in 2026 and 5% in 2027, and raise our PT to $445 from $425. Reiterate OW.”

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Where the price stands

GOOGL trades at $283. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $445 target is 11% above the median.

Since the note GOOGL has moved −26% (from $380). 12-month window: day 157 of 365, closes on June 1, 2027.

Track record

This callOpen: GOOGL has not reached $445 yet. This 12-month target is scored on June 1, 2027.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#15 of 26 firms). Accuracy ranking →

Piper Sandler on Alphabet (Google)

Piper Sandler price targets on Alphabet (Google)

6 calls from February 5, 2026 to October 29, 2026. The target went from $395 to $345 (−13%). The rating stayed Buy.

Piper Sandler targetGOOGL share price
  1. October 29, 2026Target cut from $400 (−14%)Buy$345
  2. September 28, 2026Target raised from $395 (+1%)Buy$400
  3. July 23, 2026Target cut from $445 (−11%)Buy$395
  4. June 1, 2026 This noteTarget raised from $425 (+5%)Buy$445
  5. April 30, 2026Target raised from $395 (+8%)Buy$425
  6. February 5, 2026Earliest call shownBuy$395
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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.