Wall Street analysts remain overwhelmingly bullish on Alphabet (NASDAQ: GOOGL) ahead of its July 22 earnings report, with the average Google stock price target implying more than 26% upside from current levels.
According to analyst data compiled by TipRanks, 34 Wall Street analysts covering Alphabet over the last three months maintain a ‘Strong Buy’ consensus.
Of those, 29 recommend buying the stock, while five suggest holding. The average 12-month Google stock price target stands at $437.79, implying roughly 26% upside from the recent share price near $346.77.
The bullish outlook comes as analysts expect Alphabet to deliver another strong quarter driven by continued growth in Google Cloud and expanding AI-related revenue opportunities.
Consensus estimates call for second-quarter revenue of approximately $116.8 billion, representing about 21% year-over-year growth, while earnings per share are projected at $2.87.
Google Cloud is expected to remain one of the company’s fastest-growing segments, with analysts forecasting growth of roughly 63%.
Investors will also closely monitor updates on Gemini AI models, custom tensor processing units (TPUs), capital expenditures, and management’s outlook for the remainder of 2026.
Alphabet’s upcoming earnings report is expected to provide insight into how effectively the company is monetizing its artificial intelligence investments.
Investors will be closely watching Google Cloud performance, enterprise AI adoption, and demand for AI infrastructure to assess whether increased spending is translating into stronger revenue growth and profitability.
Despite rising competition in AI, Alphabet’s leadership in search, YouTube, Android, and cloud computing continues to underpin analysts’ long-term growth outlook.
Analysts take on Google stock
Among the experts, BMO Capital analyst Brian Pitz reiterated a ‘Buy’ rating on Alphabet and raised his price target to $455 from $435. The analyst cited stronger Google Cloud expectations, increasing cloud capacity, and a growing backlog as reasons for the higher valuation. Pitz also highlighted Google’s continued leadership in search, although he noted investor attention remains focused on reports surrounding delays to Gemini Pro 3.5.
Wedbush analyst Ygal Arounian initiated coverage with an ‘Outperform’ rating and a $445 price target. The firm described Alphabet as the best-positioned full-stack AI company among major internet and cloud providers, pointing to the combination of Search, YouTube, Android, Gemini AI models, cloud infrastructure, and proprietary processors as key competitive advantages.
Meanwhile, UBS maintained a ‘Neutral’ rating with a $410 price target after revising its Google Cloud revenue modeling. The bank increased its cloud revenue forecasts for 2026 and 2027, citing stronger backlog conversion and growing demand for AI-related services. However, UBS also reduced longer-term earnings estimates to reflect lower margins associated with AI infrastructure and chip sales, resulting in a more balanced outlook despite stronger revenue expectations.
