Alphabet Gains Analyst Confidence with Price Target Hikes Following Strong AI Investment Plans

Piper Sandler and KeyBanc raised Alphabet price targets on February 16, 2026. Piper Sandler increased its target to $395 from $365. KeyBanc lifted its target to $370 from $360. Both firms maintained an "Overweight" rating.

Revisions follow Alphabet's fourth-quarter 2025 performance. Total revenue growth accelerated to 18%. Alphabet increased capital expenditure guidance for 2026.

The spending supports Google Services and Google Cloud growth. AI infrastructure investments target future growth and market leadership.