alphabet (Nasdaq: Google) received a bullish outlook from Wall Street where stock The company is seeking to maintain its recent momentum, mainly related to its cloud and artificial intelligence businesses.
Specifically, Oppenheimer analyst Jason Helfstein raised the company’s price target on Alphabet to $445 from $425 while maintaining an “outperform” rating on the stock. In fact, the forecast represents an upside of roughly 13% from the stock’s closing price of $393.
The upward revision reflects increasing estimates of Google Cloud Platform (GCP) performance.
Meanwhile, Helfstein kept the company’s 2027 EPS multiple of 28x unchanged while forecasting more production capacity for Alphabet over the remainder of 2026.
The move comes as Wall Street continues to express confidence in Alphabet’s AI-driven growth trajectory.
In this regard, the latest consensus among the 33 analysts it follows TipRanks It stands at a “Strong Buy” rating with an average 12-month price target of $426.44, implying an upside of ~7.5%. Targets currently range from the low of $349.94 to the high of $515.
Alphabet 2026 Stock Rising
Notably, Google Cloud has emerged as a standout performer, with strong revenue growth and rapid backlog fueled by demand for AI infrastructure and enterprise solutions.
To that end, Alphabet reported strong first-quarter results in late April, with total revenue reaching $109.9 billion and Google Cloud revenue rising 63% year over year.
Analysts widely point to Gemini’s model adoption, AI improvements across search and advertising, and continued momentum in subscriptions as supportive factors for the company’s long-term outlook.
Although GOOGL has made significant gains over the past year, it faces ongoing scrutiny over high capital expenditures associated with building AI infrastructure.
The stock also faces risks from intense competition in the AI sector, ongoing regulatory scrutiny, and a valuation that some consider high.
Market participants will look to upcoming events, including Google I/O later this month, for more clarity on product roadmaps and monetization progress.
