Wall Street Raises Alphabet Price Targets Following Strong Google Cloud Growth
Six Wall Street firms raised their price targets for Alphabet (GOOGL) following a 63% year-over-year increase in Google Cloud revenue to $20.03 billion. The growth, along with a nearly doubled backlog of over $460 billion and a 36% operating margin, has validated the AI monetization thesis for Alphabet. However, the elevated 2026 capital expenditure guidance of $175–$185 billion remains a key risk.
Topics: AI Alphabet Earnings Report Google Cloud Price Targets Wall Street Analysts