JPMorgan raises target for Alphabet stock to USD 425.00. Stock falls 2.10 percent.
Published on 10/16/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating growth
- JPMorgan Chase raised its Alphabet target from USD 420.00 to USD 425.00 on October 15, 2026.
- Alphabet reported USD 119.80 billion in second-quarter revenue, up 24.00 percent year over year.
- Alphabet stock trades at EUR 311.23 at 10:38 a.m. CEST at Lang & Schwarz on October 16, 2026, 2.10 percent below the Xetra close of October 15, 2026.
Alphabet stock (ISIN US02079K3059) was trading at EUR 311.23 at Lang & Schwarz on October 16, 2026, at 10:38 a.m. CEST, down 2.10 percent versus the Xetra close of October 15, 2026. JPMorgan Chase raised its Alphabet price target from USD 420.00 to USD 425.00 in a research report dated October 15, 2026, according to MarketBeat.
Target rises as results approach
The target increase keeps JPMorgan's rating at overweight and puts its USD 425.00 objective 21.40 percent above the US market price cited by the report. The change arrives before Alphabet's scheduled third-quarter results call on October 28, 2026, a date listed on the company's Alphabet investor relations page.
What does the target change mean?
The operating backdrop is substantial. Alphabet reported USD 119.80 billion in revenue for the second quarter of 2026, up 24.00 percent from the prior-year quarter, while operating income reached USD 40.77 billion, according to the Benzinga transcript. Google Cloud operating income was USD 8.80 billion, more than triple the year-earlier figure, but capital spending also produced negative free cash flow of USD 5.90 billion in the quarter.
Three dates explain the setup
On July 22, 2026, Alphabet announced second-quarter results with USD 119.80 billion in revenue. On October 6, 2026, the company announced October 28, 2026, for its third-quarter results call. On October 15, 2026, JPMorgan Chase lifted its target from USD 420.00 to USD 425.00.
Upcoming date for investors
The next substantiated company date is October 28, 2026, for Alphabet's third-quarter financial results conference call, as listed by Alphabet investor relations. The operating figures and AI infrastructure spending will provide the next test of the target increase.
Stock trades below its Xetra close
Alphabet's euro quote was EUR 311.23 at Lang & Schwarz on October 16, 2026, at 10:38 a.m. CEST, 2.10 percent below the Xetra close of October 15, 2026, at EUR 317.90. The further course of trading is shown by the continuously updated real-time quote of Alphabet stock.
Alphabet stock facts
- Company: Alphabet Inc.
- ISIN: US02079K3059
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 16, 2026, 10:38 a.m. CEST): EUR 311.23
- Change versus Xetra close: minus 2.10 percent
- Xetra close (October 15, 2026): EUR 317.90
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
