Analysts Set Alphabet’s 12-Month Target Range at $379-$485

Analysts have set a 12-month target range of $379 to $485 for Alphabet Class A shares, with an average target of $427.04 and a reference price of $346.96.

The consensus covers 29 analysts and includes 25 Buy ratings, four Hold ratings and no Sell ratings. The average target implies a 23.08% increase from the reference price used in the calculation.

The outlook comes after Alphabet posted strong second-quarter operating results. Revenue reached $119.8 billion for the quarter ended June 30, up 24% from a year earlier. Google Cloud revenue rose 82% to $24.8 billion, while Google Services revenue reached $94.5 billion. Diluted earnings per share were $9.11.

Google and Alphabet CEO Sundar Pichai said the quarter reflected strong demand for AI infrastructure and AI solutions, with the company’s AI investments expanding across its business.

Google and Unity announced a strategic partnership Oct. 7 involving Google’s Playground platform and a planned Unity Spark creation experience. Playground is available to users age 18 and older and can generate and customize playable games through natural-language prompts without coding.

Market performance could diverge from analysts’ projections as business and economic conditions change.