Piper Sandler raised target for Alphabet stock to USD 400.00
Published on 10/13/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Piper Sandler raised its Alphabet target from USD 395.00 to USD 400.00 on October 2, 2026.
- Alphabet reported Q2 2026 revenue of USD 119.80 billion, up 24.00 percent year over year.
- Alphabet stock was at EUR 315.83 at Lang & Schwarz on October 13, 2026, down 0.45 percent versus the Xetra close.
- Alphabet will report third-quarter 2026 results on October 28, 2026, after the US market close.
Alphabet Inc. (ISIN US02079K3059) was trading at EUR 315.83 at Lang & Schwarz on October 13, 2026 at 11:08 a.m. CEST, down 0.45 percent versus the Xetra close of October 12, 2026 at EUR 317.25. On October 2, 2026, Yahoo Finance reported that Piper Sandler had raised its Alphabet price target from USD 395.00 to USD 400.00 while maintaining an Overweight rating.
Three events shape the picture
On June 3, 2026, Alphabet announced an USD 84.75 billion equity capital raise to expand artificial intelligence infrastructure, according to Alphabet Investor Relations. On July 22, 2026, the company reported second-quarter revenue of USD 119.80 billion, up 24.00 percent year over year, as summarized by Longbridge. The October 2 Piper Sandler revision puts the latest dated analyst action at USD 400.00.
What does AI spending mean for margins?
The second-quarter operating picture was strong but capital intensive. Operating income reached USD 40.77 billion and the operating margin was 34.00 percent, while Google Cloud revenue grew 82.00 percent to USD 24.80 billion, according to Longbridge.
Alphabet also lifted its full-year 2026 capital expenditures guidance to USD 195 billion to USD 205 billion from USD 180 billion to USD 190 billion. Free cash flow was negative USD 5.90 billion in the second quarter, making infrastructure spending the key counterweight to the faster Cloud growth.
Next results date is October 28
Alphabet's next substantiated reporting date is October 28, 2026, when it will discuss third-quarter results at 4:30 p.m. ET, according to Alphabet Investor Relations. Market estimates cited by MarketBeat call for USD 127.43 billion in revenue and USD 3.04 in earnings per share.
Alphabet stock remains below the Xetra close
At 11:08 a.m. CEST on October 13, 2026, Alphabet was trading at EUR 315.83 at Lang & Schwarz, minus 0.45 percent versus the Xetra close of October 12, 2026 at EUR 317.25. The company combines Google Services, Google Cloud and Other Bets, with the second-quarter figures showing both accelerating Cloud revenue and heavier infrastructure investment. The further course of trading is shown by the continuously updated real-time quote of Alphabet stock.
Alphabet A stock facts
- Company: Alphabet Inc.
- ISIN: US02079K3059
- Ticker: GOOGL
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 13, 2026, 11:08 a.m. CEST): EUR 315.83
- Change versus Xetra close: minus 0.45 percent
- Xetra close (October 12, 2026): EUR 317.25
- Market capitalization: USD 4.3 trillion (as of October 12, 2026)
- 52-week range: USD 240.51-408.61 (as of October 12, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
