In spite of the fact that Alphabet Inc (NASDAQ: GOOGL ) stock has fallen by more than 13% from its 52-week peak of approximately $409.37 as of October 12, 2026, Wall Street analysts are largely expecting a rally to a new all-time high (ATH) over the next 12 months.
On Monday, Deepak Mathivanan, an expert at Cantor Fitzgerald, maintained a ‘Buy’ rating for Google stock . Mathivanan also reaffirmed a 12-month target for GOOGL of $420.
With Google stock trading at $353.88 at the time of reporting, Cantor Fitzgerald signals a potential 18.68% upside by October 12, 2027.
This bullish thesis was centered around the company’s disciplined execution across its primary growth engines. Specifically, Mathivanan argued that accelerated artificial intelligence ( AI ) integration across Search and product ecosystems continues to solidify long-term revenue visibility.
Furthermore, this analyst highlighted that Google Cloud Platform’ s expanding operating margins and $514 billion backlog provide strong fundamental support for the firm’s maintained valuation target.
GOOGL stock forecast
Earlier on Monday, Paul Rossington , an expert at HSBC , maintained a ‘Buy’ rating for GOOGL stock and set the bank’s 12-month price target at $420.
GOOGL stock forecast. Source: TipRanks
As such, 30 Wall Street analysts surveyed over the past 3 months at TipRanks have set an average 12-month price target of $426.65.
GOOGL stock forecast. Source: TipRanks
Is Google a good stock to buy?
Since hitting its ATH on May 20, 2026, Google stock has been trapped in a choppy consolidation. Over the last 12 months, GOOGL’s price has climbed 12.24%, hence pushing its market capitalization to $4.3 trillion at the time of reporting.
Google stock price chart for the past 12 months. Source: TradingView
Despite this notable consolidation for Google stock over the past few months, Wall Street analysts have reassured investors of a possible rally to a new ATH over the next 12 months.
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