Piper Sandler Alphabet (Google) · GOOGL

Piper Sandler Lowers Alphabet Price Target to $345

Analyst: Thomas Champion 1 min read Reproduced verbatim
Rating
Overweight
Target
$345
from $400 (−14%)
Upside
+22%
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 $345 (from $400) while maintaining an Overweight rating.

“Search Falls Short, But Likely Transitory Versus Structural; GOOGL shares fell ~9% after-hours as Search revenue growth of 12% missed consensus 15% & buy-side ~14%.

FX and tough comps drove the miss, but lower monetization of AI Search is renewing concerns of structural headwinds to Google’s core business.

We found plenty to be optimistic about (broad engagement trends, AI improvement, Cloud strength) but are lowering estimates for more modest Search growth and continued AI investments.

PT to $345 (from $400) as changes flow through the DCF.”

Disclaimer
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 $345 target is 14% 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 recordPiper Sandler: 86% of its 29 targets at least a year old were reached within 12 months (#11 of 21 firms). Accuracy ranking →

Earnings reactionOne of 25 notes after Alphabet (Google)’s Oct 28 results: 0 raised · 21 cut · 3 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, 2026 This noteTarget cut from $400 (−14%)Buy$345
  2. September 28, 2026Target raised from $395 (+1%)Buy$400
  3. July 23, 2026Target 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
Share

Other analysts on Alphabet (Google)

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 RBC CapitalBuy Cut price target −6%, kept rating Oct 29 $400from $425 UBSHold Cut price target −13%, kept rating Oct 29 $332from $380
Share on
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.