KeyBanc Alphabet (Google) · GOOGL

KeyBanc Lowers Alphabet Price Target to $385

Analyst: Justin Patterson 1 min read Reproduced verbatim
Rating
Overweight
Target
$385
from $410 (−6%)
Upside
+19%
GOOGL at $325 today
KeyBanc and Alphabet (Google) logos

What the analyst said

KeyBanc analyst Justin Patterson lowered the price target on Alphabet (NASDAQ: GOOGL) to $385 (from $410) while maintaining an Overweight rating.

“Alphabet’s 3Q results reinforced concerns we had heading into the print, re: Search is decelerating and margins have peaked NT.

This could create an air pocket over the next 1-2 quarters as investors await signs for whether this is transitory or structural.

We’re in the transitory camp; the ramp in query volumes suggests Search growth can improve over time, and Cloud should temper P/E compression (we see 17-18x ’27E P/E as a NT floor).

We lower our PT to $385 (23.3x ’28E P/E) to reflect our lower EPS forecast; we maintain our OW rating.”

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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 $385 target is 6% 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 recordKeyBanc: 88% of its 16 targets at least a year old were reached within 12 months (#8 of 21 firms). Accuracy ranking →

KeyBanc on Alphabet (Google)

KeyBanc price targets on Alphabet (Google)

8 calls from February 5, 2026 to October 29, 2026. The target went from $370 to $385 (+4%). The rating stayed Buy.

KeyBanc targetGOOGL share price
  1. October 29, 2026 This noteTarget cut from $410 (−6%)Buy$385
  2. October 19, 2026Target cut from $435 (−6%)Buy$410
  3. October 1, 2026Target cut from $445 (−2%)Buy$435
  4. July 10, 2026Target raised from $425 (+5%)Buy$445
  5. April 30, 2026Target raised from $380 (+12%)Buy$425
  6. April 22, 2026Kept the $380 targetBuy$380
  7. April 20, 2026Target raised from $370 (+3%)Buy$380
  8. February 5, 2026Earliest call shownBuy$370
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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.