Cantor Fitzgerald sets Google price target above $400

Alphabet’s Google shares (NASDAQ: GOOG) began Tuesday’s trading at $343, continuing a range-bound trend for the month. The search giant has gained nearly 2.5% since September, yet it faces difficulty securing a position above the $350 threshold. Whenever the leading equity approaches the $350 mark, it faces downward pressure pulling it back toward the $330 range. This pattern has tested investor patience, as GOOG has traded sideways on the indexes since mid-May 2026.

Amid this ongoing period of price stagnation, prominent global financial services firm and investment bank Cantor Fitzgerald has reaffirmed its outlook for Google stock. In a client note issued Monday, October 5, 2026, Cantor Fitzgerald Senior Equity Research Analyst Deepak Mathivanan advised institutional clients to start accumulating GOOG shares, anticipating significantly higher prospects and returns.

The updated price forecast from the Cantor Fitzgerald analyst suggests that Google stock has the potential to climb to a new target of $420.

Also Read: SpaceX Stock Rises as Morgan Stanley Backs $300 Target

Here’s Why Google Stock Will Reach a Price Target of $420: Cantor Fitzgerald

The Cantor Fitzgerald analyst kept his buy recommendation for Google stock intact, assigning it an Overweight rating. He explained that valuation centers serve as the primary catalysts enabling GOOG to push past the $400 milestone. He pointed to Alphabet’s rapid Gemini expansion, noting that active users surged from 750 million to 950 million within a year. Beyond Gemini, the note emphasized that Alphabet maintains control over every level of the artificial intelligence value chain.

This ecosystem spans custom proprietary TPU chips and foundational models alongside massive consumer distribution networks including Android, its flagship search engine, and YouTube. Consequently, Alphabet holds a strong strategic advantage to capitalize on the AI sector. The analyst concluded that these factors will act as fundamental drivers propelling Google stock’s valuation past the $400 threshold toward the $420 target.

Frequently Asked Questions

What was the opening price for Google stock on Tuesday?

Google stock (NASDAQ: GOOG) opened Tuesday’s trading session at $343.

What is Cantor Fitzgerald’s new price prediction for Google stock?

Cantor Fitzgerald set a price target of $420 for Google stock.

Who authored the note to institutional clients at Cantor Fitzgerald?

The note was written by Deepak Mathivanan, Senior Equity Research Analyst at Cantor Fitzgerald.

What rating did Cantor Fitzgerald give to GOOG?

The firm maintained a buy call with an Overweight rating for Google stock.

What user milestone did Alphabet’s Gemini reach?

Gemini’s user base grew from 750 million to 950 million users in a year.