Piper Sandler Alphabet (Google) · GOOGL

Piper Sandler Reduces Alphabet Price Target to $395

1 min read Reproduced verbatim
Rating
Overweight
Target
$395
from $445 (−11%)
Upside
+40%
GOOGL at $283 today
Piper Sandler and Alphabet (Google) logos

What the analyst said

Piper Sandler analyst Thomas Champion lowered the price target on Alphabet (NASDAQ: GOOGL) to $395 (from $445) while maintaining an Overweight rating.

“2Q26 results were largely in-line with our expectations, but Cloud materially outperformed, accelerating to 82% y/y.

Shares fell ~4% after hours as management raised the 2026 capex guide again and reiterated plans for a “significant increase” in 2027. PT to $395 (from $445) on higher sustained capex. Reiterate OW.

Revenues of $119.8B were in-line with PSC ($119.8B) but 2% ahead of consensus ($117.1B). Search +17% modestly missed our estimate, but the qualitative discussion sounds strong.

Retail and finance drove the largest contributions, with all major verticals growing.

Management now describes AI Overviews and AI Mode as one unified search experience, framing AI as an “expansionary moment” driving incremental query growth.

Conspicuously, management highlighted sending “billions of clicks” to websites weekly via AI features, pushing back on publisher traffic-loss concerns.

AI Max exited beta this quarter, with adopters seeing ~15% higher conversions.”

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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 $283. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $395 target is 1% below the median.

Since the note GOOGL has moved −17% (from $342). 12-month window: day 105 of 365, closes on July 23, 2027.

Track record

This callOpen: GOOGL has not reached $395 yet. This 12-month target is scored on July 23, 2027.

Firm track recordPiper Sandler: 78% of its 37 targets at least a year old were reached within 12 months (#15 of 26 firms). Accuracy ranking →

Earnings reactionOne of 18 notes after Alphabet (Google)’s Jul 22 results: 3 raised · 9 cut · 6 kept. See every call →

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, 2026 This noteTarget cut from $445 (−11%)Buy$395
  4. June 1, 2026Target 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.