The analysis assesses Alphabet's stock, using Wall Street analysts' EPS estimates from Fiscal.AI, expecting $12.10 in earnings per share for the fiscal year ending December 2027. The current forward PE ratio is 24.8, but the analysis explores a scenario analysis with varying forward PE ratios. The analysis states that the earnings per share are constant at $12.10. Three possibilities are highlighted: If the forward PE increases to 28, the stock could reach $339. A PE of 32 could push the stock to $387. A forward PE declines to 16, potentially leading to a price of $194.