"Google trades at $397.17. Our 24/7 Wall St. price target for Google is $473.24, implying 19.15% upside over the next 12 months. The recommendation is buy, with a 90% confidence level, supported by accelerating cloud growth, AI monetization across Search, and a still-reasonable forward multiple."
"Google posted a 94.1% EPS beat in Q1 FY2026, with revenue of $109.9 billion, up 21.79% year-over-year. Google Cloud revenue jumped 63% to $20.028 billion, with backlog nearly doubling sequentially to $462 billion. Shares moved +9.97% on the earnings report, then kept climbing. The stock now sits within 5% of its $399.93 52-week high, with the 200-day moving average at $289.27."
"Our bull case targets $549.06, a 38.24% return. The thesis rests on three legs. First, Cloud operating income tripled YoY with margins expanding from 17.8% to 32.9%, and Pichai noted GenAI product revenue grew nearly 800% year-over-year. Second, Search queries hit an all-time high, with AI Overviews monetizing better than the bears expected and ads relevance improving by nearly 10%. Third, Waymo crossed 500,000 autonomous rides per week, and the SpaceX orbital data center talks hint at the kind of infrastructure optionality Wall Street rarely models."
"Our bear case lands at $375.27, a modest 5.51% drawdown"
Google trades at $397.17 and has a 12-month price target of $473.24, implying 19.15% upside with a buy recommendation at 90% confidence. Q1 FY2026 results show a 94.1% EPS beat and $109.9 billion revenue, up 21.79% year over year. Google Cloud revenue rose 63% to $20.028 billion, and backlog nearly doubled sequentially to $462 billion. The bull case targets $549.06 based on tripled cloud operating income and expanding margins, rapid GenAI product revenue growth, improved Search monetization through AI Overviews, and Waymo reaching over 500,000 autonomous rides per week. Risks include a bear case price of $375.27.
Read at 24/7 Wall St.
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