Wells Fargo & Company Issues Positive Forecast for Alphabet (NASDAQ:GOOGL) Stock Price

Wells Fargo & Company Issues Positive Forecast for Alphabet (NASDAQ:GOOGL) Stock Price

Wells Fargo & Company increased their price target on Alphabet from $387.00 to $397.00 and gave the stock an "overweight" rating in a report on Friday.

Alphabet (GOOGL) Drops 7% Amid Legal Setback — Wells Fargo Projects 41% Rally Ahead

Key Highlights Google’s parent company saw shares decline 3.4% on Thursday, settling at $280.92 — marking the weakest closing price since mid-November 2025 following a jury verdict in an addiction-related case Shares extended losses on Friday with an additional 1.2% drop to $277.70, bringing the weekly decline beyond 7% Financial services firm Wells Fargo boosted its valuation target for Alphabet from $387 to $397 while keeping its Overweight s…

Wall Street predicts Google stock price for next 12 months

Wells Fargo raised its price target on Alphabet (NASDAQ: GOOGL) from $387 to $397 and kept an “Overweight” rating on the tech legend on Friday, March 27.  Most notably, the financial services company emphasized Alphabet’s Tensor Processing Unit (TPU) licensing and Wiz acquisition, arguing they could add 4-7% and 6-14% to Google Cloud Platform revenue and operating income by 2027, respectively.  The new GOOGL share price target implies roughly a …