Wells Fargo Increases Alphabet Price Target to $438

1 min read Reproduced verbatim
Rating
Overweight
Target
$438
from $416 (+5%)
Upside
+57%
GOOGL at $279 today
Wells Fargo and Alphabet (Google) logos

What the analyst said

Wells Fargo analyst Ken Gawrelski raised the price target on Alphabet (NASDAQ: GOOGL) to $438 (from $416) 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 $438 target is 10% above the median.

Since the note GOOGL has moved −21% (from $352). 12-month window: day 105 of 365, closes on July 21, 2027.

Track record

This callOpen: GOOGL has not reached $438 yet. This 12-month target is scored on July 21, 2027.

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 April 2, 2026 to October 30, 2026. The target went from $361 to $371 (+3%). The rating stayed Buy.

Wells Fargo targetGOOGL share price
  1. October 30, 2026Target cut from $417 (−11%)Buy$371
  2. October 6, 2026Target cut from $438 (−5%)Buy$417
  3. July 21, 2026 This noteTarget raised from $416 (+5%)Buy$438
  4. July 2, 2026Target cut from $435 (−4%)Buy$416
  5. June 2, 2026Kept the $435 targetBuy$435
  6. May 20, 2026Target raised from $427 (+2%)Buy$435
  7. May 1, 2026Target raised from $361 (+18%)Buy$427
  8. April 2, 2026Earliest call shownBuy$361
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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.