Search-engine giant Google’s parent company Alphabet (GOOGL) is scheduled to announce its fourth-quarter earnings on Wednesday, February 4. Ahead of the Q4 2025 results, top Mizuho analyst Lloyd Walmsley increased his price target for GOOGL stock to $400 from $365, saying that Meta Platforms’ (META) outlook bodes “particularly well” for Alphabet’s YouTube.
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GOOGL stock has risen more than 70% over the past year, driven by the launch of Gemini 3 AI (artificial intelligence) model, growing demand for TPU (tensor processing unit) chips, and the robust demand for Google Cloud amid the ongoing AI boom.
Meanwhile, Wall Street expects Alphabet to report earnings per share (EPS) of $2.63, reflecting a 22.3% year-over-year growth. Revenue is estimated to rise 15.4% to $111.33 billion.
Mizuho Analyst Is Bullish on GOOGL Stock
Walmsley raised his Q1 2026 YouTube revenue growth estimate to 15% from 13%, backed by a robust advertising outlook, as reflected in Meta Platforms’ recent earnings report. The 5-star analyst noted the historically high correlation between Meta Platforms and Google ad trends.
Meanwhile, Mizuho’s checks reflected continued ROAS (return on ad spend) improvement and budget growth across Google’s ad platform, alongside rising CPCs (cost per clicks) on higher conversion rates. Walmsley added that industry feedback suggests that integration of Gemini across campaign infrastructure has materially boosted Google’s “continuous improvement loop.”
Despite the high valuation, Walmsley believes that GOOGL stock can continue to rise, driven by ongoing improvements in Search, share gains in generative AI, and meaningful TPU monetization ahead. He also noted faster product development and Waymo’s solid prospects.
“We continue to like Google shares and expect the quarter to be fairly celebratory in tone given strong traction with Gemini, healthy ad revenue growth and acceleration in revenue at Google Cloud,” said Walmsley.
Is GOOGL Stock a Good Buy?
Heading into Q4 2025 earnings, Wall Street has a Strong Buy consensus rating on Alphabet stock based on 22 Buys and six Holds. The average GOOGL stock price target of $355.76 indicates 3.3% upside potential from current levels.
