On January 12, Wells Fargo analyst Ken Gawrelski raised his 12-month price target on Google stock from 268 to 350, while maintaining an Equal Weight rating. Gawrelski cited stronger-than-expected search and Google Cloud Platform momentum in late 2025, noting that the firm had underappreciated the positive inflection in ad revenue growth and enterprise cloud adoption. The revised estimates reflect a 6% upside from the stock’s record levels earlier in January, and come after Gawrelski’s team upgraded both search volume forecasts and GCP sales projections by mid-single digits for fiscal years 2025 and 2026.

Google has drawn at least seven price-target upgrades in early 2026, underscoring broad bullishness among Wall Street strategists. Cantor Fitzgerald set a 370 target alongside an Overweight rating, calling Google “the king of all AI stocks” for its comprehensive footprint across the AI tech stack. Canaccord Genuity took an even more optimistic stance with a 390 target, emphasizing rapid scaling of the Gemini chatbot and strong enterprise AI engagements. Meanwhile, both Jefferies and Mizuho Securities landed on 365 targets, citing robust ad unit performance and continued market share gains in cloud infrastructure services.

Google emerged as the top performer among the technology elite in 2025, delivering a 65% return that outpaced the broader market’s mid-teens advance. Since the start of 2024, the stock has more than doubled, reflecting accelerating AI investments, surging search revenue, and expanding enterprise cloud contracts. Investors highlight that Google’s 2025 margin expansion—driven by operating-leverage gains in the ad business and higher-margin cloud offerings—provides a solid foundation for sustained growth, setting up a favorable risk-reward as the company enters its January earnings report.