Cantor Fitzgerald Rates Alphabet (GOOGL) Overweight

Cantor Fitzgerald has reaffirmed its Overweight rating on Alphabet Inc., setting a price target of $420, a 23.55% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:53 PM EDT

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Cantor Fitzgerald rated Alphabet Inc. ($GOOGL) "Overweight" with a $420 price target on October 12, 2026.

Since the rating, $GOOGL is down 3.4% to date (from the $352.72 close on Oct 12, 2026).

GOOGL Alphabet Inc.

$340.59 +8.28% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on Alphabet Inc. (GOOGL) with a price target of $420.
Cantor Fitzgerald's $420 price target implies 23.55% upside from Alphabet Inc.'s ($GOOGL) current $339.95 share price.
As of October 16, 2026, GOOGL's shares are trading at about $339.95, which is 19.1% below the analyst's target.
The company is set to report its next earnings on October 28, 2026, following a year-over-year revenue growth of 24.2%.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Alphabet Inc. alert may contain errors. Disclosures

Cantor Fitzgerald has reiterated its Overweight rating on Alphabet Inc. (GOOGL), maintaining a price target of $420 as of October 12, 2026.

Cantor Fitzgerald's Call on Alphabet Inc.

This rating comes as the stock trades below its target, recently priced at $339.95 on October 16, 2026. The shares are currently 19.1% below the analyst's target, reflecting a cautious outlook despite the company's strong revenue growth. Cantor Fitzgerald's target is unchanged from its previous assessment, which also stood at $420.

Other Institutional Activity in Alphabet Inc.

Several other funds have also been active with Alphabet. Blackrock Inc. increased its holdings by 13,990,545 shares, bringing its total to 460,972,803 shares valued at approximately $157 billion. FMR, LLC added 14,169,043 shares, ending with 250,714,005 shares worth about $85.4 billion. State Street Corporation grew its stake by 12,715,889 shares, totaling 238,977,259 shares valued at around $81.4 billion.

Alphabet Inc. Stock Down 2.2%

GOOGL shares are currently trading below their 50-day moving average by about 1.4% and below their 200-day average by 0.2%. The stock is also 16.8% below its 52-week high of $408.61, but sits 39.2% above its 52-week low of $244.15. This positioning may influence investor sentiment as they await the upcoming earnings report.

12-month forecast

$GOOGL price target

Alphabet Inc. daily closes and this analyst's $420 target. Not advice.

Recent Earnings

Alphabet reported a trailing twelve-month revenue of $445.9 billion, with a net margin of 54.8% and return on equity of 48.7%. The company is scheduled to announce its next earnings on October 28, 2026, which could provide further insight into its financial health.

Analysts Set New Price Targets

On October 12, 2026, Cantor Fitzgerald reiterated its Overweight rating on GOOGL with a price target of $420. Earlier, Wells Fargo maintained its Overweight rating with a target of $417 on October 6, and Needham reiterated a Buy rating with a target of $450 on October 8. The consensus target among analysts is approximately $430.51, reflecting a strong buy sentiment overall.

About Alphabet Inc.

Alphabet Inc. is a leading technology company that provides a wide range of products and services, including search engines, advertising services, and cloud computing. It operates through various segments, including Google Services and Google Cloud, and has a significant presence in multiple global markets. The company's performance is closely watched by investors, especially with its solid revenue growth and upcoming earnings report.

Bottom Line

With a strong Overweight rating from Cantor Fitzgerald and a price target of $420, investors will be looking closely at Alphabet's upcoming earnings report on October 28, 2026. Further analyst updates could also shape market sentiment as the company continues to perform well in a competitive landscape.