Shares in Alphabet (GOOGL) stock soared to a new ATH on Monday, and on Tuesday, they are continuing that rally to further highs. On Sunday, Salesforce (CRM) CEO Marc Benioff praised Google’s latest AI model, Gemini 3, saying he’s “not going back” to ChatGPT. As a result of the praise, the company’s shares reached an all-time high of $317 on Monday morning. At press time, GOOGL is now sitting at $321, knocking on the door for further highs in the coming month.
Major firms and experts on Wall Street are now raising their price forecasts for Alphabet (GOOGL) stock. Last Friday, Justin Post from Bank of America Securities reiterated a Buy rating on the stock with a $335 price target. In addition, on November 19, Mark Mahaney from Evercore ISI also reiterated a Buy rating on the stock with a $325 price target. With stock now at $321, there’s a chance another wave of forecast hikes is coming, some perhaps as high as $321.
Furthermore, Melius Research analyst Ben Reitzes says that Google’s AI comeback represents the most important issue in AI right now. The November 18 release of Gemini 3 Pro with its new Deep Think reasoning mode has impressed analysts with benchmarks and pricing that outperformed expectations, especially compared to Microsoft’s recent Ignite conference and ChatGPT 5’s August release. The recent success of Gemini 3, following Berkshire Hathaway’s recent $4.3 billion investment in Alphabet, underscores growing institutional confidence in the company.
Also Read: Apple (AAPL) Stock Reaches New ATH: $300 This Week?
GOOGL is trading near the top of its 52-week range and above its 200-day simple moving average. CNN analysts are extremely bullish on Alphabet stock, with a vast majority placing a buy rating on shares. The platform’s median price prediction for GOOGL in the next 12 months appears to be on track within the next week or two, at $330.00. Furthermore, its high forecast for the stock by November 2026 is $360.00, a 12% rally from current prices. Should that forecast become a reality, $350 could be breached by December, and Alphabet stock could enter 2025 with bullish momentum.