Alphabet stock hits record $340.6 as AI optimism drives momentum

Traders Union
All News
Financial News
BofA raises GOOGL price target

Highlights

Alphabet hits new record after CPI miss strengthens rate-cut expectations and AI optimism
GOOGL extends gains as analysts lift targets, citing Gemini adoption and enterprise traction
Short-term direction hinges on $332.7 support and momentum continuation toward $345

Lower interest rates typically benefit growth-oriented sectors such as technology by reducing borrowing costs and increasing the present value of future earnings. That macro backdrop aligned neatly with Alphabet’s strong narrative around artificial intelligence. Following Tuesday’s rally, some profit-taking kicked in, and GOOGL stock eased back to close at $336. Still, the session marked the fifth consecutive daily gain and solidified Alphabet’s leadership among megacap tech peers.

Alphabet price chart (Dec 2025 - Jan 2026). Source: Tradingview

In today’s premarket session, Alphabet is trading near yesterday’s close as bullish momentum has temporarily paused. The stock is currently reading a 7.5% year-to-date gain and a 3% gain for the week. These numbers reflect investor optimism not just about monetary policy, but also about the company's product edge in AI. Google's Gemini models and custom-built TPUs continue to fuel bullish sentiment, offering superior processing capabilities for deep learning tasks and expanding Alphabet’s competitiveness against Nvidia.

Analysts lift targets toward $370 as partnerships strengthen Alphabet’s AI outlook

Analysts have been quick to adjust price targets in response. Bank of America raised its projection to $370 from $335, citing the Apple-Google partnership as validation of Gemini’s growing footprint in mobile AI. BofA also pointed to ongoing partnerships such as Walmart’s as evidence of wider enterprise traction. Meanwhile, Goldman Sachs upgraded its target to $375, and TD Cowen lifted its estimate to $355. Of 62 brokerages covering Alphabet, 53 have rated it a “buy” or higher.

GOOGL finds first support at $332.7 as buyers assess post-rally positioning

Investors are positioning for further upside, but near-term technical levels will dictate the next directional impulse. The 20 EMA on the 1-hour chart currently aligns near $332.7 and acts as the first support zone should sellers emerge during today’s cash session. A break below that area may open the path toward the prior record high of $328.8, which now acts as secondary support.

If bullish momentum reasserts itself today, GOOGL stock price may rebound from the 1-hour 20 EMA support and push higher toward $345. A sustained move through that zone could bring the $350 round figure into view as the next upside target, particularly if macro data continues to validate the disinflation trend.

In recent analysis, we discussed how Alphabet broke above $334 as AI partnership momentum drove strong institutional interest. RSI stretched into overbought territory, while the 1-hour EMA near $328.3 anchored trend support ahead of the CPI test.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.