Pivotal Research Raises Alphabet (GOOGL) Price Target, Keeps Buy Rating

May 3, 2026 - 06:24

Pivotal Research raised its price target on Alphabet Inc. (NASDAQ:GOOGL) from $420 to $470 on April 30, while keeping a Buy rating on the stock. The firm cited the company's first-quarter earnings as the main reason for the increase. Search revenue growth accelerated for the fifth straight quarter, which stood out as a key driver.

Analysts noted that Alphabet's core advertising business continues to show strength, especially in search. The company also saw gains in its cloud division and other segments. Pivotal Research believes the current valuation does not fully reflect the potential from ongoing investments in artificial intelligence and infrastructure.

Alphabet remains one of the top American tech stocks to buy according to market watchers. The updated price target suggests roughly 12% upside from recent trading levels. The stock has been a steady performer in the tech sector, supported by strong cash flow and a dominant position in digital advertising. Investors are watching for further catalysts, including upcoming product launches and regulatory developments. The Buy rating indicates confidence in the company's long-term growth trajectory despite broader market uncertainties.