Alphabet’s Class C stock (GOOG) has quietly kept climbing, with the share price up 0.2% over the past week, 4.8% over the last month, and a striking 66.4% over the past 12 months. Wall Street’s analysts are firmly in the bullish camp, with a StrongBuy consensus and a 12‑month average price target of $366.30 compared with the last closing price of $330.84. That implies further upside even after the strong run, suggesting investors still see room for growth as Alphabet’s AI strategy gains momentum.
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Wall Street’s overall forecast points to continued confidence in Alphabet’s long‑term story. The consensus target of $366.30 represents meaningful potential appreciation over the coming year, signaling that analysts expect the company’s AI investments and cloud business to keep powering revenue higher. With the stock already up sharply over the past year, this stance indicates that, in analysts’ view, the rally has been driven more by fundamentals than hype, and that there could still be more to come.
Among the latest moves, analyst Josh Beck has taken a particularly optimistic stance on the stock. Beck upgraded GOOG to Buy on January 22, 2026, setting a price target of $400.00. From current levels, that target suggests sizable additional upside, underscoring his conviction that Alphabet’s AI‑driven growth could outpace broader market expectations. His call comes as the stock is already performing well, adding weight to the view that the next leg of growth could be driven by accelerating adoption of Alphabet’s AI products and platforms.
In the detailed research behind the upgrade, Beck highlights an internal analysis from Raymond James that points to a significant step‑up in estimates for Google Cloud Platform (GCP) and Search from 2026 onward. The report describes how GCP’s AI‑oriented infrastructure—GPUs, TPUs, and platform‑as‑a‑service offerings such as Gemini API and Vertex—could drive strong annual recurring revenue, while AI‑enhanced Search products like AIO, AIM, and Gemini are expected to scale to billions of daily active users by 2027. The Raymond James team believes this creates one of the most attractive top‑line AI acceleration stories in the public market, justifying a premium valuation based on 29x expected 2027 earnings and supporting the $400 price target.
TipRanks data shows that Josh Beck is a well‑regarded voice on Wall Street, ranking 322 out of 11,984 analysts, with a success rate of 58.67% and an average return of 17.40% per rating. For investors, that track record adds credibility to his bullish stance on Alphabet. As AI becomes a central theme for mega‑cap technology stocks, this combination of strong historical performance, upbeat analyst consensus, and high‑conviction calls like Beck’s will likely keep Alphabet on the radar of growth‑oriented investors. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.