Piper Sandler and KeyBanc Raise Alphabet (GOOGL) Price Targets After Q4 Results

Core Viewpoint - Alphabet Inc. (NASDAQ:GOOGL) is experiencing significant growth, particularly in AI and cloud services, leading to increased price targets from analysts following strong Q4 2025 results [1][3]. Group 1: Analyst Upgrades - Piper Sandler raised its price target on Alphabet Inc. from $365 to $395, maintaining an Overweight rating after the company reported impressive Q4 results [1][2]. - KeyBanc Capital Markets also increased its price target from $360 to $370, while keeping an Overweight rating, citing higher capital expenditures to support growth in Google Services and Google Cloud [3]. Group 2: Financial Performance - Alphabet's total revenue growth accelerated to 18% in Q4 2025, surpassing Piper Sandler's expectation of 15.5% [2]. - KeyBanc noted that Search performance accelerated throughout 2025, and Cloud's backlog increased by approximately 55% quarter-over-quarter in Q4 2025 [4]. Group 3: Product and Market Insights - Gemini, Alphabet's AI assistant, has gained significant traction, now boasting over 750 million monthly active users [4]. - The company continues to focus on areas such as AI, cloud computing, and hardware, with a diverse product portfolio that includes Search, Ads, Chrome, Cloud, YouTube, and Android [5].