Piper Sandler’s Latest Price Target For Google Stock
Piper Sandler analyst Thomas Champion has raised Google stock's price target to $400, citing rebounding digital advertising growth, YouTube Shorts monetization, and cloud expansion as key drivers for future gains.
Alphabet’s Google stock (NASDAQ: GOOG) began Monday’s trading session at $341. The search leader continues to trade within a tight range on the indexes, generating minimal gains. Valuations have remained flat over the month, pulling back toward the $330 threshold whenever shares approach the $350 mark. This movement is wearing thin on investor patience, as GOOG has lacked recent upward momentum—trends that are largely discouraging retail participants from engaging with the trillion-dollar enterprise.
Nevertheless, Piper Sandler Equity Research Analyst Thomas Champion expresses strong confidence that Google stock will climb to the $400 milestone. In a communication addressed to institutional clients, he encouraged them to start building an entry position in GOOG. He additionally raised his price target by $5, signaling a distinctly bullish outlook for the major global asset. The analyst suggests that establishing a position even within the $340 bracket can still yield profits.
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Google Stock New Price Target: Piper Sandler
The Piper Sandler analyst forecasts that Google stock will advance toward a refreshed price target of $400. His prior target sat at $395. By boosting the figure by $5, he projects that GOOG will successfully attain this psychological threshold. Bulls have anticipated the search engine titan’s return to the $400 mark, a level it achieved previously in mid-May of this year. Following a retreat from a peak of $408, the prominent equity has yet to recapture that territory.
He raised his price target for Google to $400 by pointing to Alphabet’s rebounding digital advertising growth, placing particular emphasis on YouTube Shorts monetization. This modern video format is rapidly narrowing the revenue-per-impression deficit compared to traditional YouTube feeds, supplying an extra lift to overall Google Services revenue while securing a larger portion of performance marketing budgets than anticipated. Furthermore, he noted Alphabet’s monetization of enterprise AI and Cloud expansion, underscoring the firm’s significant presence in the industry.
Frequently Asked Questions
What is Piper Sandler’s new price target for Google stock?
Piper Sandler raised its price target for Google (NASDAQ: GOOG) to $400, up $5 from its previous target of $395.
Why is Piper Sandler bullish on Google stock?
The firm’s bullish outlook is driven by Alphabet’s re-acceleration in digital advertising—specifically the monetization of YouTube Shorts—along with growth in enterprise AI and Cloud services.
What did Google stock open at on Monday?
Google stock opened Monday’s trading session at $341.
