Google’s Alphabet Inc Class A (NASDAQ: GOOGL) saw a revision in price prediction after Wednesday’s earnings call. The search giant’s revenues beat all market expectations as the numbers climbed higher in the report. Revenues were up 22% year-over-year, reaching $109.9 billion, beating the $106.88 billion estimate. The estimated EPS was $2.68, but the results outperformed to $5.11.
The company’s Cloud revenue exceeded $20 billion for the first time and was bolstered 63% by a $460 billion backlog and full-stack AI solutions. Analysts had expected a growth of 50.1%, but it beat expectations, reaching 63%. The search revenue also grew by 19%, and the overall performance remained positive. After the earnings call, brokerage firm Traders Union revised its price prediction for Google stock. The firm provided a new price target for GOOGL, which remains bullish for May 2026.
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Source: FinboldAccording to the latest price prediction, Google stock is projected to reach a maximum high of $420 in May 2026. That’s an uptick and returns on investment (ROI) of approximately 20% from its current value. The brokerage firm predicts that GOOGL’s average price will be comfortably above the $400 range. It could also be well above $400 by the end of Q2, read the report. GOOGL opened Thursday’s bell at $349 after rising from a low of $273 late March.
If the Google stock price prediction turns out to be accurate, an investment of $1,000 could turn into $1,200. That’s phenomenal returns in a month, as not every asset generated double-digit gains in a short period. Alphabet also has a string of new product releases and updates scheduled till July this year. These developments could push GOOGL to a new yearly high. Tech stocks are seeing a rebound in value in Q2 after a lackluster Q1 performance.
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