Piper Sandler Forecasts Strong Price Appreciation for Alphabet (NASDAQ:GOOG) Stock

30 Sep 2026, 01:18 by Doug Wharley · The Cerbat Gem

Alphabet (NASDAQ:GOOG – Get Free Report) had its price target raised by research analysts at Piper Sandler from $395.00 to $400.00 in a report issued on Monday. The brokerage presently has an “overweight” rating on the information services provider’s stock. Piper Sandler’s price objective points to a potential upside of 18.58% from the stock’s current price.

Several other research firms have also commented on GOOG. Morgan Stanley dropped their price target on Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Tigress Financial upped their price objective on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a research report on Friday, September 18th. Pivotal Research raised their price objective on Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating and cut their target price for the company from $450.00 to $425.00 in a research report on Monday, July 27th. Six research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $419.93.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Price Performance

Alphabet stock opened at $337.32 on Monday. Alphabet has a 52-week low of $236.68 and a 52-week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $341.37 and its 200 day moving average is $344.87. The company has a market cap of $4.13 trillion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.98 and a beta of 1.21.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same period last year, the company posted $2.31 EPS. The business’s revenue was up 24.2% on a year-over-year basis. Sell-side analysts forecast that Alphabet will post 20.55 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 82 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,316 shares of company stock worth $8,648,795 in the last quarter. 12.99% of the stock is owned by company insiders.

Institutional Trading of Alphabet

A number of large investors have recently modified their holdings of GOOG. Readystate Asset Management LP bought a new stake in shares of Alphabet in the second quarter valued at about $45,352,000. Auto Owners Insurance Co lifted its stake in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after acquiring an additional 179,369,280 shares during the period. Norges Bank bought a new position in Alphabet during the 4th quarter worth about $18,093,665,000. Arrowstreet Capital Limited Partnership grew its holdings in Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after acquiring an additional 6,300,900 shares in the last quarter. Finally, State Street Corp increased its position in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet is expanding Gemini’s commercial reach. Gemini will help power the new America.gov government website alongside xAI’s Grok, potentially providing visibility and future public-sector demand for Google’s AI platform. New AI-powered government website uses Gemini and Grok
Positive Sentiment: Google is also pursuing AI applications in healthcare and other enterprise markets, supporting the investment case that Gemini, Google Cloud and AI services can create additional growth beyond advertising. Google Stock Falls Despite New AI Push in Healthcare and Government
Positive Sentiment: Analysts remain constructive on Alphabet’s AI economics, citing accelerating Google Cloud growth, Gemini adoption and the potential for proprietary TPU chips to lower computing costs and become a meaningful revenue stream. Piper Sandler raised its price target to $400 and maintained an overweight rating. Alphabet: TPU Advantage Versus AI Search Competition
Neutral Sentiment: Netlist filed a U.S. trade complaint seeking to block imports of Micron memory chips used in AI-computing products, including systems associated with Google. The case could affect supply chains, but no immediate operational impact was reported. Netlist seeks U.S. import ban on Micron chips used in AI computing
Negative Sentiment: The EU litigation prolongs uncertainty around Android, search-data sharing and rival access to Google’s services. Compliance could weaken platform control, increase costs or help competitors such as OpenAI gain distribution. Google challenges EU orders to open up to AI and search-engine rivals
Negative Sentiment: France urged the EU to use billions of euros in Google fines to reduce member-state budget contributions, reinforcing concerns about additional financial penalties and regulatory exposure. EU should use Google fines to cut member state contributions

Alphabet Company Profile

(Get Free Report)

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.