Analysts set Google (GOOGL) stock price target

Core Viewpoint - Alphabet's stock has faced a decline despite positive forecasts from Wall Street, attributed to concerns that the recent stock rally outpaced the company's fundamental performance [1] Group 1: Stock Performance - Google stock was trading at $316.74, down nearly 2% over the past five days [1] Group 2: Analyst Ratings and Forecasts - Wedbush's report indicates that Google is positioned for further growth, particularly with its Gemini large language model expected to be Apple's exclusive AI partner [2] - RBC reiterated a "Buy" rating with a target price of $315, while Arete Research raised its target from $300 to $380, and HSBC adjusted its target from $335 to $370, maintaining a "Buy" rating [3] - Guggenheim increased its forecast from $330 to $375, also reiterating a "Buy" rating based on confidence in Google's AI-driven growth [3] Group 3: Growth Drivers - Analysts noted accelerating growth in cloud backlog, YouTube's market dominance, and increased adoption of the Gemini platform as key factors for the positive outlook [4] - The market is believed to undervalue Google Cloud's revenue potential by as much as $40 billion [4] - Bank of America highlighted that Google's custom AI chips could significantly benefit its partner Broadcom as unit shipments and selling prices are expected to rise in 2026 and 2027 [4]