Alphabet Stock (GOOGL) Gains as DOJ Ruling Removes Overhang, Analyst Says

Alphabet Inc. (NASDAQ:GOOGL) is one of the Must-Watch AI Stocks on Wall Street. On September 18, Piper Sandler reiterated the stock as “Overweight” and raised its price target on the stock to $285 from $220.

According to the analysts, the latest DOJ ruling is likely going to remove any overhangs on the shares.

“Google will likely be required to share some data with competitors and outright competitive exclusions disallowed. We think the market is appropriately reflecting a positive outcome for GOOGL, which is avoiding a structural remedy or wholesale rewiring of the distribution / [original equipment manufacturer] economic order,” the analyst wrote on Thursday. “The market has appropriately decided that GOOGL warrants a multiple re-rating, and we foresee healthy spending trends on the advertiser side.”

Besides the ruling, analysts at the firm also believe that Search could reaccelerate in 2026.

“Search has the possibility to re-accelerate in ’26. Rising CAPEX does give us some concern, especially if interest rates continue to move lower. But, execution continues plus new ad product launches like AI Max for Search Campaigns. PT to $285 from $220, reiterate OW.”

The firm also believes that Alphabet’s performance in the AI market could be a growth catalyst.

“Positively, according to Polymarket, Google now has a ~75%+ chance to exit 2025 with the top LLM in Gemini. Given the valuations implied for OpenAI’s recent funding rounds, we think this point alone is enough to drive multiple expansion.”

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.

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