Goldman Sachs reiterated a Buy rating and $450.00 price target on Alphabet stock (NASDAQ:GOOGL) following the company’s recent events. The tech giant, with a market cap of $4.71 trillion, has delivered a 132% return over the past year.
Analyst Eric Sheridan cited Alphabet’s AI progress, as the company hosted Google I/O 2026, Google Marketing Live, YouTube Brandcast, and The Android Show. Alphabet showcased new products across Search, YouTube, Gmail, Maps, Workspace, Google Cloud, Android/Pixel, and Gemini.
The company aims to integrate Gemini AI into all consumer and enterprise services. Sheridan noted debates on capital intensity and return on spend in core advertising and Cloud businesses.
Separately, Google announced a $15 billion investment in Missouri infrastructure, including a new data center. BofA Securities, BMO Capital, and Piper Sandler reaffirmed positive ratings on Alphabet, citing AI advancements.
