Alphabet’s Google stock (NASDAQ: GOOG) opened Wednesday’s trading bell at $332. The search giant surged by 1.85% the previous day, rising from a low of $324. GOOG has been sending mixed signals for a month, as the stock’s value has seen fewer ups but many downs. Traders remain skeptical about taking an entry position due to the volatile nature of the equity. Investors are cautious on the equity, as it has generated negative returns for a month.
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Truist Financial Provides New Price Target For Google Stock: Prediction
Youssef Squali, Truist Financial’s Global Head of Internet and Media Equity Research, maintained his buy rating on Google stock. He wrote in a note to clients sent on Tuesday (July 29, 2026) that GOOG could reclaim the $400 milestone. It reached $408 in mid-May ahead of the Q1 earnings call but never managed to hold steady thereon. It’s been two months since the search giant has been on the back foot.
Truist Financial’s analyst has predicted that Google stock could reach a price target of $420. That’s a profit of $88 per share if traders take an entry position today at $332. It is also an uptick and return on investment (ROI) of approximately 26% from its current price. Therefore, an investment of $1,000 could turn into $1,260 if the price prediction reaches the mentioned target. The equity is up close to 70% in a year, and is now taking a breather from the rise.
That’s double-digit returns and could be among the most profitable equities in the market. Not every asset is capable of generating double-digit gains, so GOOG now needs to be on your must-watch list. The majority of Wall Street analysts have given Google stock a buy rating, except for Monness, which has advised traders to hold. The overall consensus on GOOG remains bullish, with only a few being negative.