Even though Alphabet Inc. (NASDAQ: GOOGL) has been trapped in a choppy consolidation over the past six months through October 8, 2026, Wall Street analysts expect another rally to its all-time high (ATH) over the next 12 months.
On Wednesday, Brian Nowak, an analyst at Morgan Stanley (NYSE: MS), reiterated a ‘Buy’ rating for GOOGL stock and set a 12-month price target of $400. Earlier on October 6, Ken Gawrelski, a researcher at Wells Fargo & Co. (NYSE: WFC), assigned a ‘Buy’ rating for Google stock and raised the bank’s 12-month price target to $417 from $411.
On Tuesday, Daniel Ives, an expert at Yorkville Ives, initiated a ‘Buy’ rating for Alphabet stock and set his 12-month price target at $400.
Meanwhile, Laura Martin, an analyst at Needham, reiterated a ‘Buy’ rating and a $450 price target for GOOGL stock on Thursday. He based his bullish forecast on the company’s joint strategic partnership with Unity (NYSE: U) to develop Playground, an integrated, no-code gaming platform powered by text prompts.
Wall Street’s GOOGL stock forecast
At the time of reporting, 29 Wall Street analysts had set an average 12-month price target of GOOGLE at $427.04 and a ‘Strong Buy’ rating, according to a survey by TipRanks for the past three months.
With GOOGL trading at about $348.66 in Thursday’s pre-market session, these Wall Street analysts signal potential 22.48% upside.
Is Google a good stock to buy?
Despite a correction since early May 2026, Google stock has rallied over 43% over the past 12 months. As a result, the company had a market capitalization of around $4.3 trillion at the time of publication.
Having established an uptrend over the past 12 months, boosted by the AI boom, Wall Street analysts unanimously expect further growth for GOOGL stock over the next 12 months.
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