Analyst Updates Google Stock Price Prediction: See New Target
Alphabet’s Google stock Class C (NASDAQ: GOOG) is moving in reverse gear and fell to the $348 level on Monday’s closing bell. It plummeted more than 5%, marking its worst day of the year in 2026. CNBC reported that high-profile exits dented GOOG’s prospects, as they left the company to work for its rivals. This makes Alphabet’s competitors stronger, as they will now use their experience in providing support to their peers.On the heels of the downturn, Citizens analyst Andrew Boone issued a 12-month price prediction for GOOG. The analyst reaffirmed his ‘Market Outperform’ rating for Google stock and wrote in a note to clients that the equity could dust itself off the fall and projected it to surge double-digits when the recovery phase begins. He highlighted how Wall Street brushed off Alphabet after OpenAI and Anthropic launched their AI models, but Google made a massive comeback with Gemini.“Going backwards, the bear case on Google from 2 to 3 years ago was that it would lose talent to OpenAI and Anthropic and not be able to catch up in AI development. We continue to monitor executive movements for that reason,” wrote Boone in his note. His prediction highlights that Alphabet will not remain behind for long, and has the resources to come straight up. He stressed that Google stock falling below the $350 range could be the right time for accumulation.Also Read: Google Stock Gets a Buy Rating With a 90% ‘Confidence Level’What Is the New Price Target For Google Stock?Source: SOPA images / LightrocketCitizens Financial Group’s analyst predicts that Google stock could reach a high of $515 next. His timeline for the most bullish price prediction is 12 months. Therefore, GOOG could be trading above $500 at the same time next year in 2027, according to his prediction. That’s an uptick and return on investment (ROI) of approximately 48% from its current price of $348. Therefore, an investment of $1,000 could turn into $1,480 if the GOOG price prediction turns out to be accurate.Also Read: Micron Hits All-Time High Despite Tech Stock Dip And Iran Scare
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