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Alphabet Stock Surges After Piper Sandler Lifts Target to $400

Guavy AI Editorial Team
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Alphabet Inc.'s stock price increased by 0.35% to EUR 302.15 on September 29, 2026, at Lang & Schwarz. This rise follows Piper Sandler's decision to lift its target for Alphabet stock to USD 400 from USD 395 while maintaining an Overweight rating.

The increase in the stock price is attributed to the growing demand for Alphabet's tensor processing units (TPUs). Piper Sandler expects TPU sales to exceed USD 100 billion by 2028, with a 2.00% and 8.00% rise in 2027 revenue and operating-income estimates respectively.

Alphabet raised its full-year 2026 capital-expenditure guidance to USD 195 billion to USD 205 billion from USD 180 billion to USD 190 billion due to faster infrastructure deployment for AI spending. The company's Q2 2026 revenue reached USD 119.8 billion, up 24.00% year over year, with Google Cloud revenue rising 82.00% to USD 24.8 billion.

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