Citizens JMP Alphabet (Google) · GOOGL

Citizens Reiterates Market Outperform on Alphabet, $515 Price Target

Aug 14, 2026 Analyst: Andrew Boone 1 min read Reproduced verbatim
Rating
Buy
Price target
$515
Implied upside
+49%
vs $346.36 prior close
Citizens JMP and Alphabet (Google) logos

Citizens analyst Andrew Boone reiterated a Market Outperform rating and $515 price target on Alphabet (NASDAQ: GOOGL) on August 14, 2026.

“Google last closed at $346.36, which implies shares trade for 21.3x our 2027E GAAP EPS of $16.27. Our unchanged $515 price target is based on ~32x 2027E GAAP EPS.

We justify Google’s rating and price target given its leadership in digital video with YouTube and search, distribution with multiple products that have 1B+ users, and high profitability.”

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Tracking this call

Since this note+1% GOOGL $346.36 → $350.50 (Oct 8) · 2% of the way to the target

This callScored on Feb 13, 2027, six months after the note: did GOOGL reach $515?

Citizens JMP on Alphabet (Google) · target history
Jun 22, 2026 · $515 · Buy Jul 13, 2026 · $515 · Buy Jul 23, 2026 · $515 · Buy Jul 24, 2026 · $515 · Buy Aug 14, 2026 · $515 · Buy · this note Aug 17, 2026 · $515 · Buy Aug 24, 2026 · $515 · Buy Aug 26, 2026 · $515 · Buy
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Aug 31, 2026 Buy Kept rating and price target $515maintained Aug 26, 2026 Buy Kept rating and price target $515maintained Aug 24, 2026 Buy Kept rating and price target $515maintained Aug 17, 2026 Buy Kept rating and price target $515maintained Jul 24, 2026 Buy Kept rating and price target $515maintained

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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.