Analyst revises Google stock price target for the next 12 months

Core Viewpoint - Alphabet (GOOGL) stock is expected to continue its strong performance into 2026, with analysts predicting further price increases based on its AI advancements and revenue growth [1][3]. Group 1: Analyst Predictions - Cantor Fitzgerald analyst Deepak Mathivanan raised the price target for GOOGL from $310 to $370, indicating a potential 13.69% rally over the next 52 weeks [2]. - The bullish forecast is supported by a 'Buy' rating, reflecting confidence in the stock's future performance [2]. Group 2: AI and Revenue Growth - Alphabet's strong position in artificial intelligence and data dominance are seen as critical factors for sustained growth, with products like Gemini and Veo leading the charge [3]. - The company's annual revenue surged from nearly $283 billion in 2022 to over $385 billion by October 2025, highlighting robust financial performance [4]. Group 3: Stock Performance - GOOGL stock has increased by 69.46% over the past 12 months, rising from $192.04 to $325.44 [5]. - In the early part of 2026, GOOGL shares have already gained 3.97% year-to-date, contributing to its status as the world's second-largest company by market capitalization, surpassing Apple [7].