Bank of America Alphabet (Google) · GOOGL

BofA Lowers Alphabet Price Target to $380

Analyst: Justin Post 1 min read Reproduced verbatim
Rating
Buy
Target
$380
from $430 (−12%)
Upside
+17%
GOOGL at $325 today
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What the analyst said

BofA Securities analyst Justin Post lowered the price target on Alphabet (NASDAQ: GOOGL) to $380 (from $430) while maintaining a Buy rating.

“We acknowledge N.T Search risks, but Google’s AI traffic strength & strong execution through prior tech. transitions & competitive ad-platform ad ramps gives us confidence in ability to navigate this cycle.

Google’s new Carbon LLM is leading in intelligence, while its TPU infrastructure has increasing external demand, we believe Google’s AI position is improving for cloud/agentic.

At AH price of ~$291, stock at ~19x our revised adj ’27E EPS (16x ’28E), with core search at just ~10x EPS in SOTP.

Also, early-stage bets like Waymo & quantum computing offer meaningful long-term optionality, not in valuation. Buy.”

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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 $325. The 26 analysts who set a target in the last 3 months range from $300 to $485, with a median of $411. This $380 target is 8% below the median.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: a 12-month target, scored on October 29, 2027, a year after the note.

Firm track recordBank of America: 89% of its 35 targets at least a year old were reached within 12 months (#7 of 21 firms). Accuracy ranking →

Bank of America on Alphabet (Google)

Bank of America price targets on Alphabet (Google)

5 calls from April 30, 2026 to October 29, 2026. The target went from $430 to $380 (−12%). The rating stayed Buy.

Bank of America targetGOOGL share price
  1. October 29, 2026 This noteTarget cut from $430 (−12%)Buy$380
  2. July 16, 2026Kept the $430 targetBuy$430
  3. May 20, 2026Kept the $430 targetBuy$430
  4. May 15, 2026Kept the $430 targetBuy$430
  5. April 30, 2026Earliest call shownBuy$430
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Other analysts on Alphabet (Google)

RosenblattBuy Cut price target −7%, kept rating Oct 29 $380from $410 CitiBuy Cut price target −16%, kept rating Oct 29 $375from $447 GuggenheimBuy Kept rating and price target Oct 29 $450maintained BairdBuy Cut price target −5%, kept rating Oct 29 $380from $400 SusquehannaBuy Cut price target −13%, kept rating Oct 29 $400from $460
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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.