Piper Sandler cuts Alphabet price target to $345, keeps Overweight rating
Piper Sandler lowered its Alphabet price target to $345 from $400 and kept an Overweight rating. The bank also cut its targets for Happen and Essex Property.
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what happened
Dow Jones Newswires, citing Benzinga data, reports that Piper Sandler reduced its Alphabet price target to $345 per share from $400, while maintaining an Overweight rating. The same bank lowered its Happen target to $20 from $25 and its Essex Property target to $320 from $326.
The report contains no figures on company financial results; it covers only a revision of analyst forecasts.
why it matters
Updates like these reflect the view of a single analyst and usually have a limited effect on the market. A cut to a large company's target such as Alphabet can hint at a wider reassessment of expectations in the tech sector, but the news alone does not change the underlying picture.
tags
instruments
sources
- Alphabet Price Target Cut to $345.00/Share From $400.00 by Piper Sandler — Dow Jones Newswires, 29 October 2026 at 13:47 UTC
- Happen Price Target Cut to $20.00/Share From $25.00 by Piper Sandler — Dow Jones Newswires, 29 October 2026 at 14:08 UTC
- Essex Property Price Target Cut to $320.00/Share From $326.00 by Piper Sandler — Dow Jones Newswires, 29 October 2026 at 14:04 UTC
- Fortinet Price Target Cut to $140.00/Share From $175.00 by Piper Sandler — Dow Jones Newswires, 29 October 2026 at 14:20 UTC
- Prosperity Bancshares Price Target Cut to $78.00/Share From $80.00 by Piper Sandler — Dow Jones Newswires, 29 October 2026 at 14:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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