Alphabet and Google Stocks: Insights into Wall Street's Price Projections

Google Stocks: A Look Ahead

Alphabet (NASDAQ: GOOGL) ended last week strong, closing at $164.64 on Friday, September 20, up 0.86%. Over the past five days, the stock surged 3.93%, bringing its year-to-date performance to 17.97%. Pre-market gains on Monday added further momentum, pushing the stock to $165.48 (+0.51%). However, despite these solid gains, Google still trails the broader S&P 500, which has risen 20.24% this year.

Projected Stock Price Forecast for 2025

Wall Street analysts remain optimistic about Google’s future. A panel of 36 analysts has weighed in with their price targets, projecting an average price of $201.94—a potential 23.44% increase from the current level. The most optimistic among them sees the stock climbing to $240, while the more conservative estimates put it at $170. Even at the low end, that’s not far off its current value, meaning the downside risk appears limited. Out of the 36 analysts, 27 have issued a “buy” rating, and 9 suggest holding, cementing Google as a solid “strong buy.”

Analyst Insights

Top analysts are backing this bullish tone by raising their price targets. For instance, Oppenheimer’s Jason Helfstein recently increased his target from $205 to $210, maintaining an “Outperform” rating with an expected return of 26.92%. However, there are concerns on the horizon. Evercore ISI analyst Mark Mahaney issued a warning last week, citing Google’s ongoing antitrust battle with the Justice Department. Mahaney believes the outcome could disrupt Google’s exclusive search agreement with Apple, a potential blow to the company’s revenue. As a result, he downgraded his price target from $225 to $200, arguing that a worst-case scenario may be more likely than the market anticipates.

Technical Analysis of Google Stocks

Zooming in on the stock’s recent technical action, Google has been bouncing around within a wide trading range of $147.22 to $167.55 over the last month. Currently, it’s flirting with the upper end of this range, signaling bullish momentum. The key support zone is between $148.65 and $150.91, a level supported by several converging trend lines across multiple time frames. However, resistance is hovering between $163.60 and $165.16, meaning the stock is right up against a critical technical barrier. If Google breaks above this, we could see a fresh leg higher.

Final Thoughts on Google Stocks

With a strong buy consensus and ongoing bullish momentum, Google’s stock is positioned for potential gains, though investors should keep an eye on its legal battles.