Alphabet (GOOGL) is receiving analyst attention ahead of its Q2 earnings, due on Wednesday, July 23. Two of the Top analysts raised the price target on GOOGL stock, citing strong near-term fundamentals and AI revenue growth potential.
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Currently, Wall Street analysts expect Alphabet to report earnings per share (EPS) of $2.18 for the second quarter, above the $1.89 posted in the same period last year. Also, revenue is projected to grow by almost 11% year-over-year to $93.97 billion.
Kelley Calls GOOGL Stock “Controversial”
Mark Kelley of Stifel raised his price target to $218 from $200, while maintaining a Buy rating. The five-star analyst sees strong performance in Alphabet’s core businesses, particularly Search, where AI Overviews are driving better monetization despite weaker click volumes. YouTube estimates also appear solid.
He expects Alphabet to post solid Q2 results. Still, he cautioned that any post-earnings rally may be short-lived given concerns about Alphabet’s AI strategy and ongoing DOJ lawsuits. Also, he called the stock “controversial.”
Shmulik Sees Near-Term Strength for Alphabet
Meanwhile, Bernstein’s Mark Shmulik bumped his target to $195 from $185 and reiterated a Hold rating on GOOGL stock. Shmulik praised Alphabet’s Q1 performance, noting 10% year-over-year growth in Search and YouTube.
He pointed to strong growth in Search and YouTube from Q1 and expects similar trends to continue, supported by improved user engagement and rising Google app downloads. Shmulik also sees potential upside from the Gemini AI subscription price hike, which could boost Cloud revenue.
Despite the positive setup, he remains cautious beyond the near term due to legal challenges and intense competition in digital advertising and AI.
What Is the Target Price for Google Stock?
On TipRanks, GOOGL stock has received a Strong Buy consensus rating, with 30 Buys and nine Holds assigned in the last three months. The average Google stock price target is $206.51, suggesting a potential upside of 7.93% from the current level.
