Wall Street Firms Raise Alphabet (GOOGL) Price Targets Amid Bullish Sentiment
More than a dozen Wall Street firms have lifted their price targets for Alphabet Inc. (GOOGL) in a concentrated wave of optimism. Citigroup, RBC Capital Markets, and Argus Research led the charge, with individual targets now reaching as high as $415. The consensus price target stands at $366.57—a 19.6% premium to the current trading price of $306.52.
Notably, the stock maintains near-unanimous buy ratings, with zero Sell recommendations among 51 analysts tracked. Citigroup's Ronald Josey upgraded his target to $390, while Pivotal Research set the street-high at $420. Even traditionally cautious firms like Moffett Nathanson raised targets by 15%.