Alphabet stock (GOOGL) has had a wild ride recently, falling 3.7% over the past week but gaining 14.9% in the last month and a stunning 137.2% over the past year. Wall Street’s analysts are firmly bullish, calling the stock a StrongBuy and forecasting further gains over the next twelve months from its last close at $387.66.
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Among the latest voices is Brian Pitz of BMO Capital Markets, who reiterated his Buy rating on May 20, 2026, and set a price target of $435, implying meaningful upside from current levels. Pitz, a 4-star-ranked analyst at #540 out of 12,185 with a 61.66% success rate and 12.9% average return per rating, sees Alphabet as one of the best ways to own full-stack AI.
Pitz’s optimism is rooted in Alphabet’s rapid AI productization at scale, highlighted at Google I/O, where the company showcased impressive momentum across its AI platform. Alphabet is processing about 19 billion tokens per minute via its API, up from 16 billion just a quarter earlier, showing how quickly usage is ramping.
The analyst points to Gemini’s expansion as a key growth driver, with monthly active users climbing to 900 million from 750 million in February 2026 and AI Mode surpassing 1 billion users in its first year. These tools are helping Alphabet shift its massive product base, including Google, Gmail, Android, Chrome, and YouTube, into an AI-driven ecosystem with low customer acquisition costs.
Pitz also highlights new launches like Gemini Omni, Gemini 3.5, Managed Agents, and Universal Cart, which aim to reinvent how work, shopping, and payments are done online. In his view, Alphabet’s leadership in AI, both in the U.S. and globally, should support sustainable long-term revenue growth across Search, YouTube, and other segments. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.