JP Morgan Raises Alphabet (GOOGL) Price Target to $425

JP Morgan has reiterated its Overweight rating on Alphabet Inc. (GOOGL) with a price target of $425 on October 15, 2026. This is an increase from their previous target of $420. The stock is currently trading around $341.17 as of October 16, 2026, which is about 20.8% below the new target.

Other Institutional Activity in Alphabet Inc.

Several other institutional investors have also shown interest in Alphabet. Blackrock Inc. holds 460,972,803 shares worth about $157 billion, having increased its stake by 13,990,545 shares, a 3.1% rise. Vanguard Capital Management LLC owns 382,951,664 shares valued at approximately $130.4 billion after adding 4,690,439 shares, a 1.2% increase. FMR, LLC has 250,714,005 shares worth about $85.4 billion, with a 6.0% increase of 14,169,043 shares. State Street Corporation has 238,977,259 shares valued at around $81.4 billion, increasing its holdings by 12,715,889 shares, a 5.6% rise. Geode Capital Management, LLC, however, has reduced its stake by 1,807,439 shares, ending with 150,078,198 shares worth about $51.1 billion.

Alphabet Inc. Stock Down 2.0%

Currently, Alphabet's stock is trading below its 50-day moving average of $344.92, down about 1.1%. It is also 16.5% below its 52-week high of $408.61, but 39.7% above its 52-week low of $244.15. The recent share price reflects the gap between the market performance and the analyst's target price.

Recent Earnings

For the trailing twelve months, Alphabet reported revenue of $445.9 billion, with a year-over-year revenue growth of 24.2%. Its earnings per share (EPS) stands at $19.93. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at Alphabet Inc.

Recent insider transactions include Kavitark Ram Shriram, a director, who sold 33,566 shares at an average price of $185.76 for a total of about $6.2 million on July 18, 2025. He also sold 26,000 shares at $205.00, totaling about $5.3 million on August 15, 2025. Director John L Hennessy sold 600 shares on January 13, 2026, and again on February 13, 2026, for a total value of approximately $202,514 and $184,037, respectively.

Analysts Set New Price Targets

On October 15, 2026, JP Morgan maintained its Overweight rating on Alphabet with a target of $425. Earlier, Wells Fargo maintained an Overweight rating with a target of $417, while Needham reiterated a Buy rating with a target of $450. Cantor Fitzgerald also reiterated an Overweight rating with a target of $420. The consensus among analysts is a strong buy, with a mean price target of $430.51 from 54 opinions.

About Alphabet Inc.

Alphabet Inc. operates as a multinational conglomerate, primarily through its segments: Google Services, Google Cloud, and Other Bets. It offers a variety of products and services, including search, advertising, cloud computing, and consumer electronics. The company is headquartered in Mountain View, California, and is led by CEO Sundar Pichai.

Bottom Line

Investors should keep an eye on Alphabet's upcoming earnings report on October 28, 2026, as it may provide further insight into the company's performance. The recent analyst ratings suggest ongoing confidence in Alphabet's future despite current trading levels.