Wall Street has maintained an overall bullish outlook on Alphabet Inc. (NASDAQ: GOOGL) entering September, despite the stock experiencing a downtrend since reaching 52-week highs in May.
Mark Mahaney, an analyst from Evercore ISI, reiterated a 'Buy' rating for GOOGL shares and increased his 12-month price target. The forecast was raised by 7.14% from a previous target of $420 up to $450. According to the analyst's note, the revision is driven by a recovery in Google's core search engine business—which has halted and partially reversed market share losses suffered in 2024 and 2025—alongside gains made by Gemini artificial intelligence relative to ChatGPT.
Analyst sentiment toward Alphabet remains broadly positive, though not entirely unanimous. D.A. Davidson analyst Gil Luria issued a 'Hold' rating on Google shares at the beginning of the month, with no 12-month price target recorded on TipRanks. Conversely, firms such as Rosenblatt and Bank of America joined Evercore in issuing 'Buy' ratings, with Rosenblatt estimating a target of $410.
Data retrieved from TipRanks indicates that over the three months leading up to September 17, Google stock accumulated twenty-four positive recommendations, four neutral ratings, and no 'Sell' recommendations, resulting in a 'Strong Buy' consensus. The average 12-month price target across these notes stands at $427.08, while the lowest prediction sits at $379.
