Global investment banks Goldman Sachs and Scotiabank have given a buy rating for Google’s Alphabet stock (NASDAQ: GOOG Class C) with a target of $400. The forecast is for the 12-month horizon, indicating that GOOG is currently in its correction phase. The equity has slipped below the psychological level of $300 after plunging nearly 10 points on Tuesday’s trading session.

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Watcher Guru’s Price Prediction For Google Stock: A 38% Surge For GOOG on the Cards

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Google stock slipping below the psychological $300 support level is not a sign of weakness, but an opportunity to accumulate the equity. Alphabet’s robust forward P/E of 28x makes it the undisputed value equity among the Magnificent Seven. The dip is mostly driven by the geopolitical noise stemming from the Middle East and is artificial at best.

The massive $240 billion Cloud backlog and Gemini 3.0 integration will be the main focus when the conflict subsides. Watcher Guru expects institutional buyers to flood back in, giving Google’s Alphabet stock a boost. While short-term traders panic, institutional buyers are expected to use these dips to load up on shares. Retail traders must follow suit and begin accumulating GOOG shares below the $300 level.

The market’s refocus on Alphabet’s revenues after the escalation in the Middle East would bring back confidence in the markets. Moreover, GOOG is now among the cheapest of the Magnificent 7 stocks that are up for grabs at a discounted price. Situations like these are once-in-a-blue-moon opportunities that cannot be missed for wealth generation.

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In conclusion, Watcher Guru expects the $290 price range to be the springboard and the stepping stone for the $400 Google stock target. We expect institutional funds to flood back into Alphabet stock that can kick-start the path towards $400. Buying GOOG shares at these levels offers a rare margin of safety for long-term portfolios.

  • Alphabet Stock
  • GOOG
  • Google stock