Piper Sandler raised target for Alphabet stock from USD 395.00 to USD 400.00
Published on 10/14/2026 at 12:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI spending tests durable growth
- Piper Sandler raised its Alphabet target from USD 395.00 to USD 400.00 on September 28, 2026.
- Alphabet reported USD 119.80 billion in revenue for the second quarter of 2026, up 24.00 percent.
- Alphabet stock trades at EUR 318.93 at 12:18 p.m. CEST on October 14, 2026, 1.26 percent above the October 13, 2026 Xetra close.
Piper Sandler raised its Alphabet stock target from USD 395.00 to USD 400.00 in a report dated September 28, 2026, as Ground News reports. Alphabet was trading at EUR 318.93 at Lang & Schwarz on October 14, 2026 at 12:18 p.m. CEST, 1.26 percent above the Xetra close of October 13, 2026 at EUR 314.95.
Target rises as AI spending grows
The Piper Sandler move kept an Overweight rating while lifting the 12-month target by USD 5.00. The report links the higher valuation to Alphabet's artificial intelligence plans, including potential sales of its tensor processing units.
Alphabet's second-quarter 2026 revenue reached USD 119.80 billion, up 24.00 percent from the year-earlier period, while operating income rose 30.00 percent to USD 40.80 billion. AlphaStreet reported that Google Cloud revenue climbed 82.00 percent to USD 24.80 billion in the same quarter.
What does the target mean for growth?
The operating margin was 34.00 percent in the second quarter of 2026, up from 32.00 percent a year earlier. At the same time, Alphabet's purchases of property and equipment reached USD 44.90 billion in the quarter, compared with USD 22.40 billion in the second quarter of 2025, making capital intensity the central test for the higher target.
Chronology and scheduled results
On July 22, 2026, Alphabet reported second-quarter revenue of USD 119.80 billion, up 24.00 percent, according to AlphaStreet. On September 28, 2026, Piper Sandler raised its target from USD 395.00 to USD 400.00, and on October 6, 2026, Alphabet announced a 4:30 p.m. ET conference call for its third-quarter results through Alphabet Investor Relations.
Next reporting date October 28
Alphabet's next scheduled reporting event is October 28, 2026, when it will publish third-quarter results before the conference call. The company said the call will begin at 1:30 p.m. Pacific Time, or 4:30 p.m. ET, according to Alphabet Investor Relations.
Stock trades above the Xetra close
Alphabet stock was trading at EUR 318.93 at Lang & Schwarz on October 14, 2026 at 12:18 p.m. CEST, up EUR 3.98 or 1.26 percent versus the Xetra close of October 13, 2026 at EUR 314.95. The current quotation sits within the EUR 210.55 to EUR 347.15 52-week range shown for the German listing, while market capitalization was EUR 3.8 trillion as of October 14, 2026.
The further course of trading is shown by the continuously updated real-time quote of Alphabet stock.
Alphabet A key data
- Company: Alphabet Inc.
- ISIN: US02079K3059
- Ticker: GOOGL
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 14, 2026, 12:18 p.m. CEST): EUR 318.93
- Change versus Xetra close: plus 1.26 percent
- Xetra close (October 13, 2026): EUR 314.95
- Market capitalization: EUR 3.8 trillion (as of October 14, 2026)
- 52-week range: EUR 210.55-EUR 347.15 (as of October 14, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
