Alphabet (NASDAQ:GOOGL) Hits New 1-Year High After Analyst Upgrade

Market Beat
2026.05.19 05:26
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Alphabet Inc. (NASDAQ:GOOGL) shares hit a new 52-week high after Arete Research raised its price target from $405 to $425, maintaining a buy rating. The stock traded at $408.61 during the day and closed at $396.94. Other analysts also increased their price targets, with an average target of $411.23. Despite some insider selling, positive sentiment surrounds Alphabet due to AI developments and cloud growth.