Analyst revises Google stock price target for the next 12 months

Not only has Alphabet (NASDAQ: GOOGL) stock been among the best-performing blue-chip assets in 2025, but its shares are overwhelmingly expected to continue rallying in 2026, according to Wall Street analysts.

The latest institutional expert to issue a positive forecast for GOOGL for the next 12 months came from Cantor Fitzgerald, as Deepak Mathivanan upgraded his previous price target.

Specifically, the Wall Street analyst raised his prediction from the previous $310 – 4.74% below the press time price of $325.44 – to $370 – estimating a 13.69% rally will take place in the next 52 weeks.

As could be expected, the bullish price target was accompanied by a ‘Buy’ rating.

Google stock 2026 bull case

When issuing the Google stock rating revision, Mathivanan echoed several other analysts in identifying Alphabet’s artificial intelligence (AI) presence and its data dominance as critical moats that can ensure continued growth.

In recent years, Google has unleashed several advanced AI products, with Gemini – once known as Bard – perhaps being the best known, but the video generation tool Veo being just as impressive.

Along with its positioning within the artificial intelligence boom and continued ubiquity in the search engine space, the optimism surrounding Google is backed by strong revenue growth.

For example, the firm’s annual revenue increased from nearly $283 billion in 2022, the year the AI revolution started, to above $385 billion by October 2025 – and by a stellar stock market performance.

Google stock price chart

Indeed, Google stock rallied as much as 69.46% in the last 12 months, from $192.04 to $325.44.

Similarly, the technology giant started 2026 with significant momentum. Despite hardly a single week elapsing, GOOGL shares are up 3.97% in the year-to-date (YTD) chart. The overall rally also enabled Google to again become the world’s second largest company by market cap, overtaking Apple (NASDAQ: AAPL).

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