- 25 out of 30 Wall Street analysts recommend buying Alphabet shares, while 5 of them recommend holding.
- The positive outlook is linked to the successful development of the Waymo division, which deals with self-driving cars.
Citizens analyst Andrew Boone reiterated his positive outlook on Alphabet shares despite near-term operational challenges in its autonomous driving unit.
He saved a “Market Outperform” rating and a $385 price target, implying a roughly 30% upside from the current price of $294.
The update focuses on the development of Waymo, which continues to expand its presence in the self-driving car sector.
The division’s fleet has now grown to 3000 vehicles, up from 2700 in November 2025.
However, Boone noted that Waymo’s development is slower than expected. The transition to a sixth-generation driverless platform has not yet resulted in a significant increase in production volumes.
Andrew Boone’s forecast is in line with the general consensus on Wall Street, where analysts remain bullish on GOOGL shares. 30 expertsTipRanks tracks 25 buy stocks, five hold stocks, and no sell ratings, leading to a Strong Buy consensus rating.
GOOGL 12-Month Stock Price Prediction. Source: TipRanks
Analysts have set an average price target of $377,90, representing projected growth of 27,77% over the next 12 months. The highest estimate is $450, while the lowest is $303,13.
Analysts’ optimism likely stems from Google’s strong fourth-quarter 2025 results. Revenue grew 18% year-over-year to $113,8 billion, surpassing the $400 billion mark for the year for the first time. Adjusted earnings per share rose 31% to $2,82, beating Wall Street expectations.
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