Alphabet Inc’s Google saw revised stock price predictions after its Q1 2026 earnings exceeded market expectations. Revenues reached $109.9 billion, a 22% year-over-year increase, while cloud revenue surpassed $20 billion, driven by a significant backlog and AI solutions. Following the report, brokerage firm Traders Union issued a new, bullish price target for May 2026, projecting the stock could reach a maximum high of $420.
Alphabet Inc Class A reported first-quarter 2026 earnings that surpassed analyst estimates. Revenues were up 22% year-over-year, reaching $109.9 billion, beating the estimated $106.88 billion.
The company’s earnings per share of $5.11 also outperformed the $2.68 estimate. Cloud revenue exceeded $20 billion for the first time, growing 63% against an expected 50.1%.
This performance was bolstered by a $460 billion backlog and full-stack AI solutions. Search revenue grew by 19%, contributing to an overall positive quarterly report.
After the earnings call, brokerage firm Traders Union revised its price prediction for Google stock. The firm provided a new, bullish price target for GOOGL shares for May 2026.
According to the latest prediction, the stock is projected to reach a maximum high of $420 in May 2026. That represents an approximate 20% return on investment from its value at the time of the report.
The brokerage predicts the average price will be comfortably above $400. It could also be well above $400 by the end of Q2, read the report.
GOOGL opened trading the day after the earnings at $349. This followed a rise from a low of $273 in late March.
Alphabet has a string of new product releases and updates scheduled through July. Tech stocks are seeing a rebound in value during the second quarter.
