Alphabet Inc. (NASDAQ: GOOGL) has kicked off 2026 on an impressive note, reaching a record-breaking stock high of $330 in early January. This milestone comes as analysts label Google the leader in artificial intelligence (AI), further cementing its dominance in the tech industry.
Wells Fargo Analyst Raises Price Target
On January 12, Wells Fargo analyst Ken Gawrelski revised his price target for Google stock from $268 to $350, reflecting an anticipated 6% upside from its January high. While maintaining an ‘Equal Weight’ rating, Gawrelski cited strong growth in both Google Search and Google Cloud Platform (GCP) as driving this optimism. The revision also sought to address missed opportunities during AI momentum surges in 2025.
As of January 2026, Google shares are trading at $326.20, reflecting a year-to-date increase of 4.22%. This marks the stock’s seventh major upgrade in 2026 alone.
Broader Positive Analyst Sentiment
Some of the most significant upgrades for Google in 2026 include:
- Cantor Fitzgerald: On January 7, they provided a $370 price target with an ‘Overweight’ rating and praised Google’s industry-leading position in AI development.
- Canaccord Genuity: Analyst Maria Ripps increased her 12-month price target to $390, citing the rapid scaling of Google’s AI chatbot, Gemini.
- Mizuho Securities: A slightly more conservative target of $365 with a ‘Buy’ rating, acknowledging long-term potential despite the recent stock surge.
- Jefferies: Analyst Brent Thill aligned with Mizuho, providing the same $365 target earlier this month.
All these upgrades highlight Google’s continued growth and resilience in maintaining its dominance in the competitive AI and cloud computing landscape.
Why Analysts Favor Google
Google’s advancements in AI technology, including machine learning, natural language processing, and the successful scaling of the Gemini chatbot, make it a key player in the AI industry. Additionally, Google’s GCP services have experienced considerable demand, further boosting the company’s revenue streams.
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