Alphabet (GOOGL) Stock Forecast Raised on AI and Cloud Growth
Raymond James analysts have upgraded Alphabet's price target to $400, citing accelerating AI adoption and cloud revenue growth. The revised forecast implies 21% upside from current levels, despite a 1.4% weekly pullback in GOOGL shares.
Google Cloud's projected 44% revenue growth for 2026 outpaces consensus estimates, with AI integration driving performance across search, advertising, and productivity tools. The Gemini 3 model's enhanced capabilities in coding and image generation demonstrate Alphabet's technical lead in enterprise AI applications.