Alphabet’s (GOOGL) recent strong first-quarter results have sparked a wave of confidence across Wall Street. Following the double-beat — headlined by an EPS of $5.11 on $109.9 billion in revenue — 10 top-rated analysts reaffirmed their “Buy” ratings, with six raising their price targets. This optimism is driven by strong growth in Google Cloud, fast progress in AI, and the rapid expansion of Alphabet’s proprietary TPU (Tensor Processing Unit) chips.
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Latest Analysts’ Views on GOOGL Stock
Following its strong earnings results, top analysts remain bullish on GOOGL, with price targets ranging from $430 to a Street-high $515.
Among the bullish analysts, 5-star analyst Lloyd Walmsley of Mizuho, raised his price target on GOOGL to $460 from $420, pointing to strong growth in Google Cloud. He said Wall Street still underestimates the cloud unit’s revenue and profit potential over the next two years.
Walmsley added that Mizuho’s supply chain checks and cloud backlog data suggest much stronger growth ahead, with Google Cloud backlog jumping 90% quarter-over-quarter in Q1 2026 to about $462 billion, including around $61 billion tied to TPU chip sales through 2027. Based on this, he now expects Google Cloud revenue growth of 70% in 2026 and 59% in 2027, both above current Street estimates.
Likewise, another top analyst Paul Chew of Phillip Securities also maintained a Buy rating on the stock with a price target of $450 per share. The 5-star analyst said Alphabet’s long-term growth outlook remains strong despite near-term pressure from heavy AI spending.
Chew pointed to strong growth in Google’s ad business, helped by higher user activity across Search, YouTube Shorts, and TV streaming platforms, along with wider use of Gemini AI. He also highlighted strong growth in Google Cloud, where rising demand for AI services from businesses is boosting sales, profits, and the company’s order backlog.
Who Is the Best Analyst Covering GOOGL Stock Over One Year?
Five-star-rated analyst Andrew Boone at Citizens JMP is the most accurate analyst covering GOOGL over the past one-year. He has a success rate of 93% and an average return of 36.17% per trade. On TipRanks, Boone is ranked #746 out of more than 12,000 analysts tracked.
Following the Q1 results, Boone raised his target on GOOGL to a Street-high $515 from $385, saying it is still “early” for investors to fully see the upside from Google’s AI push. He believes Google’s decision to sell TPU chips to cloud customers opens a major new revenue opportunity, while the company’s control over both hardware and software gives it a cost advantage in AI. Boone also expects more momentum from the upcoming Google I/O event and thinks Wall Street may still be underestimating the long-term profit potential from AI and TPU sales.
Is GOOGL Stock a Buy, Sell, or Hold?
Based on 28 Buys and five Holds, Wall Street has a Strong Buy consensus rating on Alphabet stock. The average GOOGL stock price target of $426.44 indicates 7.15% upside potential.
