Piper Sandler’s Latest Price Target For Google Stock

Alphabet’s Google stock (NASDAQ: GOOG) began Monday trading at $341. The search leader continues to trade within a narrow range on the indices, generating minimal gains. Prices have remained flat throughout the month, retreating to the $330 range whenever they approach the $350 mark. This trend is testing investor patience, as GOOG has seen a lack of recent price momentum, largely deterring retail investors from the trillion-dollar firm.

Nonetheless, Piper Sandler Equity Research Analyst Thomas Champion expresses strong confidence that Google stock will climb to the $400 mark. In a communication to institutional clients, he recommended starting an entry position in GOOG. He also raised his price target by $5, signaling a bullish outlook for the major global asset. The analyst notes that entering the market even within the $340 price bracket can yield profits.

Also Read: NVIDIA Stock This Week: $150B Buyback Could Fuel More Gains

Google Stock New Price Target: Piper Sandler

The Piper Sandler analyst forecasts a new price target of $400 for Google stock, up from his prior target of $395. By boosting the figure by $5, he projects the stock will achieve this key psychological level. Bulls have anticipated the search giant’s return to the $400 milestone, which was last reached in mid-May of this year. Following its decline from a $408 peak, the prominent equity has not yet recaptured that ground.

Champion raised his target to $400 based on Alphabet’s rebounding digital advertising growth, placing special emphasis on the monetization of YouTube Shorts. This video format is successfully closing the revenue-per-impression gap relative to traditional YouTube feeds, offering an incremental lift to overall Google Services revenue while securing a larger portion of performance marketing budgets than anticipated. Furthermore, he pointed to Alphabet’s enterprise AI monetization and Cloud expansion, emphasizing the company’s prominent position in the industry.