Wall Street sets Google stock price target
April 30, 2026
Alphabet crushed the first quarter, beating market expectations and prompting a wave of bullish Google stock revisions.
Pivotal Research raised its Google (NASDAQ: GOOGL ) stock price target from $420 to a Street-high $470 on Wednesday, April 29, while keeping a ‘Buy’ rating.
The upgrade follows a strong first-quarter report , in which search revenue expanded 19% year-over-year, topping the firm’s 15% forecast. Cloud growth was especially noteworthy, rising 63% for the fourth consecutive quarter, well above Pivotal’s 48% estimate.
Other segments contributed as well. For example, subscriptions and devices revenue was up 19% during the quarter, prompting Pivotal to raise its forward estimates for both search and cloud revenue.
Moreover, Pivotal analysts also increased their capital expenditure outlook, adding $10 billion to their 2026 guidance tied to the Intersect acquisition and increasing spending projections for 2027 and beyond.
Google stock is currently up 5.73% in pre-market trading, sitting at $370. Based on the last closing price of $349.94, the new $470 price target implies a 34% upside.
Alphabet reported total revenue of $109.9 billion for the past quarter, up 22% year-over-year, while net revenue reached $95 billion, up 24%. Operating income came in at $40 billion with a 42% margin, also ahead of expectations. As mentioned, the cloud division was especially positive, with revenue climbing 63% to $20 billion.
Crypto investors continue to look for consistent ways to earn returns without relying on unpredictable market cycles. Traditional strategies often … Following the results, multiple firms revised their outlooks on Google share. Notably, Goldman Sachs raised its price target from $400 to $450, citing renewed strength in search growth, while KeyBanc lifted its target from $380 to $425 on strong cloud momentum.
At the same time, RBC Capital moved its target from $400 to $425, maintaining a ‘Buy’ rating, while DA Davidson set a new $375 target, pointing to continued revenue acceleration. Meanwhile, William Blair reiterated its ‘Outperform’ rating, noting growing investor confidence in Alphabet’s capital spending discipline and long-term artificial intelligence ( AI ) strategy.
As of press time, Google shares are, on average, in the ‘Strong Buy’ category, according to Wall Street analyses tracked and aggregated by the market research platform TipRanks .
Source: finbold.com