Piper Sandler raises target for Alphabet C stock
Published on 10/01/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet C (ISIN US02079K1079) was trading at EUR 308.73 at Lang & Schwarz on October 1, 2026 at 11:34 a.m. CEST, plus 0.88 percent versus the prior close of EUR 306.05. According to MarketBeat on September 28, 2026, Piper Sandler raised its Alphabet price target from USD 395.00 to USD 400.00 and kept an Overweight rating. The target change gives the stock a fresh analyst reference as Alphabet prepares for its next results.
Target rises as earnings approach
The analyst revision arrived before Alphabet's scheduled third-quarter report. TradingView lists October 27, 2026 as the next earnings date for Alphabet Class C, with an October 28 conference call. The calendar places the next major test of the company's artificial intelligence spending several weeks ahead.
The latest reported quarter provides the operating baseline. According to Fortune, Alphabet generated USD 119.8 billion in revenue in the second quarter of 2026, up 24.00 percent year over year. Operating income rose 30.00 percent to USD 40.8 billion, lifting the operating margin to 34.00 percent.
Cloud growth meets heavy spending
Google Cloud was the clearest growth engine in the second quarter of 2026. Revenue increased 82.00 percent year over year to USD 24.8 billion, while Cloud operating income reached USD 8.8 billion and the operating margin rose to 35.60 percent from 20.70 percent.
The counterweight is capital intensity. Alphabet spent USD 44.9 billion on capital expenditures in the second quarter of 2026 and reported negative free cash flow of USD 5.9 billion, according to Tickeron. Management raised full-year 2026 capital expenditure guidance to USD 195 billion to USD 205 billion from USD 180 billion to USD 190 billion, making cash conversion a central issue for the October report.
Alphabet C stock remains below its high
Finance quote data placed Alphabet's market capitalization at USD 4.1 trillion and its 52-week range at USD 236.69 to USD 404.47, both as of September 30, 2026. The Lang & Schwarz euro quote therefore sits below the translated upper end of the primary-market range, while the latest analyst target remains denominated in USD and is not combined with the euro price.
Alphabet C was trading at EUR 308.73 at Lang & Schwarz on October 1, 2026 at 11:34 a.m. CEST, plus 0.88 percent versus the EUR 306.05 prior close. The further course of trading is shown by the continuously updated real-time quote of Alphabet C stock.
Alphabet C stock facts
- Company: Alphabet Inc.
- ISIN: US02079K1079
- Ticker: GOOG
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 1, 2026, 11:34 a.m. CEST): EUR 308.73
- Change versus prior close: plus 0.88 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 306.05
- Market capitalization: USD 4.1 trillion (as of September 30, 2026)
- 52-week range: USD 236.69-404.47 (as of September 30, 2026)
- Sector / Industry: Communication Services / Internet Content & Information
- Index membership: S&P 500 and Nasdaq-100
- Next earnings date: October 27, 2026
