Wall Street projections for where Alphabet’s (NASDAQ: GOOGL) stock could be at the end of 2026 have been generally positive.
Most notably, analysts have commented on and emphasized the company’s continued efforts in artificial intelligence (AI) infrastructure, in particular Tensor Processing Units (TPUs).
In addition, the demand for the Google Cloud Platform and Waymo ride-hailing services, and a favorable industry outlook to boot, have also contributed to some rather bullish stock price targets.
However, bespite broadly optimistic projections, it must be noted that Google shares have actually not been doing so great so far in 2026, following its peers, such as Nvidia (NASDAQ: NVDA), which have also been affected by geopolitical tensions in the Middle East and valuation concerns.
At press time, GOOGL stock was trading at just north of $275, being down more than 12% year-to-date (YTD).
GOOGL stock price outlook
Among the most notable recent forecasts has been that of Wells Fargo, which raised its Google share price target from $387 to $397 and kept an “Overweight” rating on the company on March 27.
The financial services company was particularly optimistic about Alphabet’s TPU licensing and Wiz acquisition, arguing such moves could add significantly to revenue and operating income by 2027. Moreover, analyst Ken Gawrelski also noted that the Anthropic TPU partnership could help high-margin revenue reach $7.5 billion in 2027.
Investment banks have not shied away from praising the tech leader either. For example, on March 26, Morgan Stanley maintained an “Overweight” rating with a $330 price target, citing Waymo as rapidly scaling its autonomous ride service.
Similarly, Evercore reiterated an “Outperform” rating and $400 price target on March 13, admitting increased confidence in the growth outlook of 14% or more in 2026 versus the Street’s 13% estimate.
Potential GOOGL stock tailwinds
While the overall outlook appears positive, some tailwinds can nonetheless be cited. For instance, Google faces intense competition in the AI sector, including its self-driving branch.
Moreover, the company’s online marketing and web searching business might soon face a catastrophic decline as the number of users using AI platforms as a replacement for Google Search is growing.
The War in Iran is another potential long-term risk factor, as supply chain disruptions are affecting numerous resources critical for the tech industry, such as helium.
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