GOOGL Stock Today: January 12 Analyst Upgrade After Antitrust Win
Google stock is in focus after Canaccord raised its Alphabet price target to $390 on renewed confidence in Search, faster AI rollout, and steady Cloud demand. Alphabet’s Class A shares GOOGL recently traded at $331.86 USD, up 1.00% (+$3.29), near a 52-week high of $334.00. Market cap stands at $4.004 trillion. For Canadian investors, the favorable antitrust ruling reduces legal overhang while the AI roadmap adds medium-term upside. We break down what the new target implies, the setup into earnings, and risks to monitor in 1H26.
Canaccord’s $390 view and the antitrust backdrop
Canaccord lifted its Alphabet price target to $390 after a favorable antitrust ruling boosted confidence in Search stability. The firm cited faster AI deployment, robust Cloud growth, and continued TPU investment. It also flagged potential 1H26 volatility tied to Blackwell-trained model launches and TPU supply, but kept a constructive stance into 2026 as AI integrates deeper across Google’s ecosystem. source
For Canadians, a clearer legal path reduces tail risk while AI keeps growth optionality alive. Currency matters since Google stock trades in USD. Consider FX exposure when sizing positions in registered or taxable accounts. The stronger AI narrative can support longer holding periods, but plan entries around volatility and set alerts on key levels to avoid chasing near resistance.
Performance, earnings, and Street positioning
Google stock sits near records: $331.86 USD today, with 1D +1.00%, 5D +5.57%, 1M +7.30%, 3M +40.28%, and 1Y +73.74%. Day range was $325.00 to $334.04 on volume of 33.56 million versus a 35.93 million average. The 50-day average price is $304.00 and the 200-day average is $221.9977, showing strong trend support.
Street sentiment remains positive with 45 Buy, 5 Hold, and zero Sells on GOOGL analyst rating tallies. Alphabet reports on February 4, 2026 after the close. Canaccord’s $390 target implies about 17.5% upside from $331.86. Bulls see 2026 as an AI share-gain year across Search, YouTube, and Cloud as models improve and inference scales. source
Fundamentals and valuation check
Alphabet’s profitability is robust: net margin 32.23%, ROE 35.00%, ROA 23.16%. Debt is low with a 0.087 debt-to-equity ratio and interest coverage of 252.7x. Cash per share is $8.15. The dividend yield is 0.25% with an 8.01% payout ratio, leaving ample room for investment in AI infrastructure and shareholder returns.
On valuation, shares trade at 32.20x TTM earnings, 10.36x sales, and 54.32x free cash flow, with EV-EBITDA at 23.32. Growth is strong, with FY24 revenue up 13.87% and EPS up 37.67%. PEG sits at 4.07, suggesting quality but not cheap. Google stock may warrant staggered buying to balance momentum with valuation risk.
Technical levels to watch
Momentum is firm: RSI 64.16, ADX 22.57, Stoch %K 77.55. Price hovers above Bollinger upper band 323.44 and Keltner upper 327.30, signaling a strong trend. ATR is 7.52, so daily swings can be meaningful. MACD histogram is slightly negative, a reminder that short pauses can occur even in uptrends.
Near-term resistance sits around the 334 area. First support is near 325 intraday, then the Bollinger middle band at 312.02 and lower band at 300.59. Into earnings and after the antitrust ruling Google investors should use position sizing, stops, and alerts. Watch Cloud bookings and AI updates for confirmation of the 2026 thesis.
Final Thoughts
Google stock is benefiting from a cleaner legal picture and a stronger AI roadmap. Canaccord’s $390 target points to roughly 17.5% potential upside from $331.86, supported by stable Search economics, growing Cloud demand, and TPU-backed model performance. Fundamentals are solid, though valuation is not cheap, and 1H26 could bring hardware and model-launch noise. For Canadian investors, mind USD exposure and time entries near support rather than at highs. Into the February 4, 2026 earnings, focus on AI product velocity, Cloud growth, and capital intensity trends. Set alerts at 325, 312, and 300 for risk control, and reassess if guidance or margins weaken. This is not investment advice.
FAQs
Is Google stock a buy after the favorable antitrust ruling?
The ruling helps reduce legal overhang and supports confidence in Search, which is positive for sentiment. Fundamentals are strong and momentum is intact. Still, valuation is elevated and earnings are near. Consider staggered entries, watch support at 325-312, and reassess after results and guidance. Always match sizing to risk tolerance.
What is Canaccord’s new Alphabet price target and implied upside?
Canaccord raised its Alphabet price target to $390. From a recent price of $331.86 USD, that implies about 17.5% upside. The call rests on stable Search economics, faster AI rollout, and solid Cloud demand, with some 1H26 volatility risk tied to Blackwell-era model launches and TPU supply.
What are the key risks for GOOGL in 1H26?
Risks include potential timing hiccups with Blackwell-trained model launches, TPU supply constraints, and higher AI capex. Macro ad demand could soften, and valuation leaves less room for disappointment. Monitor Cloud bookings, YouTube engagement, and any updates on AI costs and efficiency to validate the 2026 growth path.
When is Alphabet’s next earnings report?
Alphabet is scheduled to report on February 4, 2026 after market close. Investors will watch revenue growth, margins, Cloud profitability, AI product updates, and capex plans. Price reactions can be sharp, so consider position sizing and stops ahead of the print if volatility does not fit your risk profile.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.