Wells Fargo Alphabet (Google) · GOOGL

Wells Fargo Lowers Alphabet Price Target to $371

Analyst: Ken Gawrelski 1 min read Reproduced verbatim
Rating
Overweight
Target
$371
from $417 (−11%)
Upside
+31%
GOOGL at $284 today
Wells Fargo and Alphabet (Google) logos

What the analyst said

Wells Fargo analyst Ken Gawrelski lowered the price target on Alphabet (NASDAQ: GOOGL) to $371 (from $417) while maintaining an Overweight rating.

“’27 total revenue estimates largely unchanged, as +7% revision to Cloud revenue, all TPU sales, offsets 5% reduction to Search revenue.

Reduce ’28 total revenue estimates by 140bps. ’27 / ’28 total OI estimates trimmed by 3% / 3%. Reduce ’27 / ’28 GAAP EPS estimate 2% / 4% to $14.84 / $18.20.

Total ’27 & ’28 CapEx estimates are unchanged at $349B and $374B. Reiterate Overweight rating and cut PT to $371 (prior $417), based on 25.0x (prior 27.5x) ’27E EPS.”

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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 $284. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $371 target is 7% below the median.

12-month window: day 0 of 365, closes on October 30, 2027.

Track record

This callOpen: a 12-month target, scored on October 30, 2027, a year after the note.

Firm track recordWells Fargo: 67% of its 27 targets at least a year old were reached within 12 months (#19 of 21 firms). Accuracy ranking →

Wells Fargo on Alphabet (Google)

Wells Fargo price targets on Alphabet (Google)

8 calls from April 2, 2026 to October 30, 2026. The target went from $361 to $371 (+3%). The rating stayed Buy.

Wells Fargo targetGOOGL share price
  1. October 30, 2026 This noteTarget cut from $417 (−11%)Buy$371
  2. October 6, 2026Target cut from $438 (−5%)Buy$417
  3. July 21, 2026Target raised from $416 (+5%)Buy$438
  4. July 2, 2026Target cut from $435 (−4%)Buy$416
  5. June 2, 2026Kept the $435 targetBuy$435
  6. May 20, 2026Target raised from $427 (+2%)Buy$435
  7. May 1, 2026Target raised from $361 (+18%)Buy$427
  8. April 2, 2026Earliest call shownBuy$361
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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
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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.