Wall Street analysts set a median target of $440 for Alphabet, implying 27% upside ahead of Q2 earnings on July 22.
Alphabet will report second-quarter results after markets close on July 22, with analysts projecting 21% revenue growth to $116.8 billion and a 25% rise in earnings to $2.89 per share. The consensus excludes unrealized investment gains, which inflated Q1 net income to $5.11 per share.
In the first quarter, Alphabet posted 22% revenue growth to $109.8 billion, driven by strong cloud segment performance and AI infrastructure demand. Operating earnings, excluding investment gains, rose 29% to $39.6 billion. The company did not provide Q2 guidance, but Wall Street expects continued momentum.
Analysts maintain a median price target of $440, suggesting 27% upside from the current $346 share price. The stock has risen 87% over the past year but remains 14% below its May record high.