Wells Fargo raises target for Alphabet C stock from USD 411.00 to USD 417.00
Published on 10/06/2026 at 14:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet C (ISIN US02079K1079) was trading at EUR 306.35 at Lang & Schwarz on October 6, 2026 at 2:09 p.m. CEST, up 0.13 percent versus the EUR 305.95 prior close. The latest analyst move came from Wells Fargo: as Investing.com reported on October 6, 2026, the bank raised its target for Alphabet from USD 411.00 to USD 417.00 and kept an Overweight rating.
Wells Fargo sees TPU sales scaling
Wells Fargo's updated view rests on external tensor processing unit sales. The firm estimates USD 9.2 billion of TPU sales in the third quarter of 2026 and USD 11.5 billion in the fourth quarter, with the figures linked to expected Google Cloud revenue upside of 28.00 percent and 29.00 percent, respectively, according to Investing.com.
The estimate also lifts Wells Fargo's 2026 earnings per share forecast to USD 20.66 from USD 20.55. Its 2027 forecast rises to USD 15.17 from USD 14.94, while the valuation multiple behind the USD 417.00 target stays at 27.50 times 2027 earnings per share.
Cloud growth meets heavy investment
Alphabet's second-quarter operating picture gives the target increase a measurable foundation. Revenue reached USD 119.8 billion in the second quarter of 2026, up 24.00 percent from the same quarter a year earlier, while diluted earnings per share came to USD 9.11, according to Markets Insider.
Google Cloud was the sharper growth signal. Its revenue increased 82.00 percent year over year to USD 24.8 billion in the second quarter, and the operating margin expanded to 35.60 percent from 20.70 percent, according to Markets Insider. That combination matters because it shows AI infrastructure demand translating into segment profitability rather than revenue growth alone.
EUR 306.35 at Lang & Schwarz
Alphabet C stock was at EUR 306.35 at Lang & Schwarz on October 6, 2026 at 2:09 p.m. CEST, plus 0.13 percent versus the EUR 305.95 prior close. The primary Nasdaq quote was last at USD 343.83 on October 5, 2026 at 4:00 p.m. ET, within a 52-week range of USD 236.69 to USD 404.47; market capitalization stood at USD 4.2 trillion on that date. The further course of trading is shown by the continuously updated real-time quote of Alphabet C stock.
Alphabet C market snapshot
- Company: Alphabet Inc.
- ISIN: US02079K1079
- Ticker: GOOG
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 6, 2026, 2:09 p.m. CEST): EUR 306.35
- Change versus prior close: plus 0.13 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 305.95
- Market capitalization: USD 4.2 trillion (as of October 5, 2026)
- 52-week range: USD 236.69-404.47 (as of October 5, 2026)
- Sector / Industry: Communication Services / Internet Content & Information
- Index membership: Nasdaq 100
