Wells Fargo raises target for Alphabet stock from USD 411.00 to USD 417.00
Published on 10/07/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet stock (ISIN US02079K3059) was trading at EUR 309.88 at Lang & Schwarz on October 7, 2026 at 3:15 p.m. CEST, plus 0.29 percent versus the prior close of EUR 308.98. Wells Fargo raised its price target for Alphabet from USD 411.00 to USD 417.00 on October 6, 2026, while keeping an Overweight rating, as Markets Insider reported.
Wells Fargo lifts target to USD 417.00
The target increase puts the new level USD 6.00 above the previous objective, a 1.46 percent rise calculated from USD 411.00. Wells Fargo cited expected Google Cloud revenue growth of 142.00 percent year over year in the coming quarter, compared with 82.00 percent in the second quarter, and said Search revenue remained solid while decelerating.
For investors, the key tension is the gap between cloud expansion and the cost of building the infrastructure behind it. The analyst expects external tensor processing unit sales to support the cloud outlook, but the report also points to the need for Alphabet to address the opportunities and risks surrounding consumer AI agents.
Second-quarter revenue reaches USD 119.80 billion
Alphabet reported revenue of USD 119.80 billion in the second quarter of 2026, up 24.20 percent from the year-earlier period. Net income available to common stockholders reached USD 112.10 billion, up 298.00 percent year over year, while diluted earnings per share reached USD 9.11, according to AdTech Sumo citing the July 22, 2026 filing.
Google Cloud revenue rose 82.00 percent to USD 24.80 billion in the second quarter, and the operating margin was 34.00 percent. The profit comparison needs care because Alphabet also reported a USD 98.00 billion gain in other income, mainly from unrealized equity-securities gains, which amplified the reported net income increase.
October 28 results set the next test
Alphabet will discuss third-quarter 2026 results on October 28, 2026, at 4:30 p.m. ET, according to Alphabet Investor Relations. The company said the earnings release would be posted before the conference call, making Cloud growth, Search performance and capital spending the central metrics for the next update.
On the Nasdaq, Alphabet Class A was last quoted at USD 347.68 on October 6, 2026, and its 52-week range was USD 235.84 to USD 408.61. Its market capitalization was USD 4.2 trillion on October 6, 2026. 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
- WKN: A14Y6F
- Ticker: GOOGL
- Primary exchange: NASDAQ
- Price Lang & Schwarz as of October 7, 2026, 3:15 p.m. CEST: EUR 309.88
- Change versus prior close: plus 0.29 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 308.98
- Market capitalization: USD 4.2 trillion (as of October 6, 2026)
- 52-week range: USD 235.84-408.61 (as of October 6, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
