Bank of America Sets Bullish Google Stock Target Above $400

Alphabet shares recently opened at $335, staying range bound on the charts and testing the patience of traders. After hitting a yearly high of $408 in May, the equity has struggled to break past resistance levels around $365. Despite this slow price action, major financial institutions see plenty of upside ahead for the search giant.

Bank of America Securities analyst Justin Post released a note maintaining a buy rating on the stock. The new price target sits at $430, which represents a potential return of roughly 30 percent from current levels. For investors entering the market today, this suggests profits of nearly $95 per share if the projection hits.

The bullish outlook stems from stable search traffic and the rapid growth of the Gemini artificial intelligence chatbot. Google continues to capture strong revenue from both traditional search features and new AI summaries, keeping the business fundamentals solid. Traders will want to watch whether the stock can finally break its current range and push back toward the $400 zone.

This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.