Analyst Forecast Pushes Alphabet Shares Toward $365 Target

A prominent Wall Street firm has issued a significant vote of confidence in Alphabet Inc. Piper Sandler raised its price target for the Google parent company to $365 from $330, establishing a new Street-high projection. The upgrade arrives as Alphabet bolsters its artificial intelligence leadership team with the appointment of a new chief technologist for AI infrastructure. Despite these developments, the company’s shares traded marginally lower on Thursday.

Even with the recent optimism, Alphabet’s valuation remains compelling relative to its mega-cap technology peers. Based on forward earnings estimates for 2026, the stock trades at a price-to-earnings multiple of approximately 21, positioning it as one of the more reasonably valued members of the so-called “Magnificent Read more...