Truist Reiterates Buy on Alphabet, $420 Price Target
- Rating
- Buy
- Unchanged
- Target
- $420
- Unchanged
- Upside
- +26%
- GOOGL at $334 today
What the analyst said
Truist Securities analyst Youssef Squali reiterated a Buy rating and $420 price target on Alphabet (NASDAQ: GOOGL).
“3Q Results to Reflect Sustained Growth in Search/YT and Acceleration in Cloud; We remain constructive on GOOGL into the 3Q print on 10/28 as we expect mid-20%s top line growth, relatively in-line with Street expectations and with 2Q levels, showing that Search TAM continues to expand thru gen-AI surfaces, fueled by query volume & higher CPCs even as competing AI agents rise in popularity (we believe GOOGL maintained 90%+ Search share in the quarter).
GOOGL’s results should be fueled by user engagement & ad demand driving mid-teens growth in Search, LDD % growth for YT and further acceleration in Cloud to 90% Y/Y.
FY27 Capex growth remains a key topic (we’re at +40% Y/Y). We maintain Buy rating/$420 PT.”
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Where the price stands
GOOGL trades at $334. The 25 analysts who set a target in the last 3 months range from $350 to $515, with a median of $420. This $420 target is in line with the median.
12-month window: day 0 of 365, closes on October 21, 2027.
Track record
This callOpen: a 12-month target, scored on October 21, 2027, a year after the note.
Firm track recordTruist: 73% of its 11 targets at least a year old were reached within 12 months (#23 of 28 firms). Accuracy ranking →
Truist on Alphabet (Google)
Truist price targets on Alphabet (Google)
5 calls from February 5, 2026 to October 21, 2026. The target went from $385 to $420 (+9%). The rating stayed Buy.
- October 21, 2026 This noteKept the $420 targetBuy$420
- July 23, 2026Target cut from $430 (−2%)Buy$420
- June 1, 2026Target raised from $415 (+4%)Buy$430
- April 30, 2026Target raised from $385 (+8%)Buy$415
- February 5, 2026Earliest call shownBuy$385
Other analysts on Alphabet (Google)
MizuhoBuy
Kept rating and price target · Oct 21
$460maintained
BMO CapitalBuy
Raised price target +3%, kept rating · Oct 20
$480from $465
KeyBancBuy
Cut price target −6%, kept rating · Oct 19
$410from $435
JP MorganBuy
Raised price target +1%, kept rating · Oct 15
$425from $420
UBSHold
Raised price target +1%, kept rating · Oct 14
$380from $379