Quick Read – GOOG carries a BUY rating and $440 price target implying 19% upside, with prediction markets pricing a 97% probability of another earnings beat. – Google Cloud’s 63% growth outpaces MSFT’s Azure at 40%, while Alphabet’s forward P/E of 25 matches META but trades…
low Microsoft’s 29. – Q1 CapEx more than doubled to $36 billion, slashing free cash flow 47%, while cloud backlog nearly doubled to $462 billion. – Ahead of Alphabet’s Q2 2026 earnings report, Bank of America has struck a bullish tone, and our proprietary model largely agrees. Alphabet (NASDAQ:GOOG) has already returned 102.77% over the past year, and the setup into next week’s report looks unusually clean
Our 24/7 Wall St. price target for Alphabet is $440.13, implying 19.06% upside from the current $369.68 quote. Our model carries a high-conviction bullish reading. 24/7 Wall St. Price Target Summary The Setup Heading Into Q2 Earnings Alphabet is a coiled spring right now.
The stock is 6% below its 52-week high of $404.23, well off the 52-week low of $184.20, and up 18.13% year to date. Q1 2026 was a blowout: revenue of $109.9 billion (+21.79%), EPS of $5.11 against a $2.6327 consensus, and Google Cloud revenue up 63% to $20.028 billion, with cloud backlog nearly doubling sequentially to $462 billion. Prediction markets currently assign a 96.6% probability that Alphabet beats again on July 22.