Alphabet rises after Canaccord lifts target to $390
NEW YORK, January 7, 2026, 15:30 EST — Regular session
- Alphabet (GOOGL.O) up about 2.5% in afternoon trade after a fresh Wall Street target raise
- Canaccord Genuity sets a $390 price target, implying roughly 21% upside from current levels
- Traders are watching Friday’s U.S. payrolls report for any shift in rate expectations
Alphabet’s Class A shares rose 2.5% to $322.25 on Wednesday, near the day’s high, after Canaccord Genuity raised its price target for the Google parent. The stock hit an intraday high of $326.11 and was up $7.91 from Tuesday’s close.
The move puts a new “Google stock price forecast” back in play just as investors rotate into the biggest AI-linked names again. Big targets matter…
