Piper Sandler raised target for Alphabet stock to USD 400
Published on 10/12/2026 at 11:38 | 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 September 28, 2026.
- Alphabet reported second-quarter 2026 revenue of USD 119.80 billion, up 24.00 percent year over year.
- Alphabet stock was trading at EUR 315.30 at Lang & Schwarz on October 12, 2026, 0.51 percent above the October 9 Xetra close of EUR 313.70.
- Google Cloud revenue reached USD 24.80 billion in the second quarter of 2026, up 82.00 percent year over year.
- Alphabet's next quarterly results are scheduled for October 28, 2026.
Piper Sandler raised its Alphabet target from USD 395.00 to USD 400.00 on September 28, 2026, while keeping an overweight rating, according to Ground News. Alphabet stock was trading at EUR 315.30 at Lang & Schwarz on October 12, 2026 at 11:35 a.m. CEST.
Alphabet's target rises to USD 400
The revised target adds to a bullish analyst backdrop, but the more immediate test is operational. Yahoo Finance reported that Alphabet's second-quarter 2026 revenue rose 24.00 percent year over year to USD 119.80 billion, while Google Cloud revenue increased 82.00 percent to USD 24.80 billion.
The contrast matters because Alphabet is spending heavily to expand artificial intelligence infrastructure. A higher target reflects confidence in growth, while the next earnings release will show whether Cloud expansion is translating into sustainable profitability.
Three events shaped the stock
On June 3, 2026, Alphabet announced the upsizing and pricing of a USD 84.75 billion equity capital raise to expand AI infrastructure, according to Alphabet. On July 22, 2026, the company reported second-quarter revenue of USD 119.80 billion, a 24.00 percent year-over-year increase, according to Yahoo Finance. On September 30, 2026, Google unveiled Gemini 4 Argon with an output limit of up to 1 million tokens, according to Yahoo Finance.
What does the next quarter test?
Alphabet's next scheduled reporting date is October 28, 2026, after the US market close, according to Yahoo Finance. The key comparison will be whether Cloud can extend its USD 24.80 billion second-quarter revenue base while Alphabet absorbs the cost of new data centers, chips and model development.
Stock trades above the Xetra close
At Lang & Schwarz, Alphabet stock was trading at EUR 315.30 on October 12, 2026 at 11:35 a.m. CEST, up EUR 1.60 or 0.51 percent versus the Xetra close of October 9, 2026 at EUR 313.70. On Nasdaq, Alphabet closed at USD 351.66 on October 9, 2026, while its 52-week range was USD 239.71 to USD 408.61.
Alphabet's market capitalization was USD 4.3 trillion as of October 9, 2026. The distance between the Nasdaq price and its 52-week high leaves valuation and AI investment execution as the central market questions around the October 28 report.
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
- WKN: A14Y6F
- Ticker: GOOGL
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 12, 2026, 11:35 a.m. CEST: EUR 315.30
- Change versus Xetra close of October 9, 2026: plus 0.51 percent
- Xetra close October 9, 2026: EUR 313.70
- Market capitalization: USD 4.3 trillion as of October 9, 2026
- 52-week range: USD 239.71-408.61
- Sector / Industry: Communication Services / Internet Content and Information
- Index membership: S&P 500
- Next earnings date: October 28, 2026
Market context: Market report Nasdaq Composite.
