Piper Sandler Raises PT on Alphabet (GOOGL) Stock
Key takeaways
- Piper Sandler Raises PT on Alphabet (GOOGL) Stock Bob Karr Sun, June 7, 2026 at 12:24 AM GMT+7 2 min read GOOG META Alphabet Inc.
- According to the firm, the AI search expansion happens to be the most positive for Alphabet Inc.
- (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more.
Piper Sandler Raises PT on Alphabet (GOOGL) Stock Bob Karr Sun, June 7, 2026 at 12:24 AM GMT+7 2 min read GOOG META Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Big Company Stocks to Buy Right Now. On June 1, Piper Sandler analyst Thomas Champion lifted its price objective on the company’s stock to $445 from $425 and kept an “Overweight” rating on the shares. The firm released its first analysis of citations data throughout searches in Google’s AI Overview and AI Mode. Notably, the AI-assisted search continues to expand rapidly.
Alphabet Inc. (NASDAQ:GOOGL) is leading citation share, thanks to the YouTube and Google properties. Furthermore, the step-function growth in citations since early 2025 remains in line with the commentary from the management that AI Mode has been resulting in queries 3 times longer compared to the traditional search. Also, the queries are at an all-time high.
According to the firm, the AI search expansion happens to be the most positive for Alphabet Inc. (NASDAQ:GOOGL), Reddit, and Meta. Only some companies remain dominant content sources in the broader AI-assisted search environment.