Google Stock Price Target Soars to $420 on AI Model Success

Wall Street analysts are optimistic about Google's (NASDAQ: GOOGL) future performance. JPMorgan analyst Doug Anmuth has set a price target of $420 for Alphabet shares, indicating a potential 24.17% rally from the current price of $338.24.

The analyst cited the success of Google's new Gemini 4 Argon artificial intelligence (AI) model in benchmarks against leading competing platforms as a key factor in his positive assessment.

Other major institutions, including KeyBanc, Jefferies, Wells Fargo, and RBC Capital, have also revised their assessments of Alphabet stock, with each giving it a 'Buy' rating and setting price targets higher than $400.