Wells Fargo Raised the PT on Alphabet Inc (GOOGL), Maintains a Buy Rating

Alphabet Inc. (NASDAQ:GOOGL) is one of the Stocks That Can Make You Richer in 2026. On March 27, Wells Fargo raised the firm’s price target on Alphabet Inc. (NASDAQ:GOOGL) from $387 to $397, while maintaining a Buy rating on the shares.

​The firm highlighted TPU licensing deals and the Wiz acquisition as major catalysts for the company’s Cloud growth. It projects around 4% revenue growth in 2026 and 7% in 2027. Moreover, the deals are also expected to enhance the operating income by 6% and 14% in 2026 and 2027, respectively.

​Separately, on March 27, Citizens maintained its Market Outperform rating on the stock with a price target of $385. The firm noted the company’s strong position as its total addressable market grows for internet search driven by AI tools. The firm noted a clear path for returns on elevated capex spending through Google Cloud Platform expansion and broader AI integration across Alphabet’s product suite.

​​Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms, including Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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