TD Cowen has doubled down on Alphabet’s Google (NASDAQ: GOOG), reiterating a Buy and lifting its price target in a client note dated June 9. Senior Equity Research Analyst John Blackledge raised the target to $475 — up from $450 — making TD Cowen one of the more bullish forecasts on Wall Street.
Why it matters
- Blackledge recommends accumulating GOOG around $360–$350, arguing that buys at those levels could capture the upside to the new $475 target.
- That target implies roughly 31% upside from current levels — a $1,000 stake could hypothetically grow to about $1,300 if the call pans out.
- Bank of America Securities’ Justin Post remains constructive as well, forecasting a high near $430, signaling broad institutional optimism even after recent weakness.
Recent price action
Alphabet’s shares popped into the green on Tuesday, briefly rising 0.31% to $362 as the stock snapped a short-term downtrend. GOOG has pulled back since hitting a year-to-date high near $408 in May — a retracement traders say was driven by profit-taking after the initial post-earnings rally. Analysts describe the correction as healthy and potentially base-building for another leg higher, with bulls aiming to push the stock back above $400.
What to watch
Accumulate on dips: TD Cowen’s playbook is simple — buy on weakness in the $350–$360 range. Keep an eye on broader ad-revenue trends, macro conditions, and any further earnings signals that could re-accelerate momentum. With multiple firms still setting elevated targets, Google remains a must-watch name for investors tracking big-cap tech exposure.
Bottom line
TD Cowen’s upgraded $475 target and buy recommendation put GOOG among the market’s more optimistic calls. Combined with other bullish views from Wall Street, the stock looks positioned for upside if it consolidates and resumes its climb past $400.
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