Bank of America Says Alphabet’s Q2 Will Deliver. Here’s The Price Target

4 weeks ago 12

Vandita Jadeja

Fri, July 17, 2026 astatine 10:30 AM CDT 4 min read

Quick Read

GOOG carries a BUY standing and $440 terms people implying 19% upside, with prediction markets pricing a 97% probability of different net beat.
Google Cloud's 63% maturation outpaces MSFT's Azure astatine 40%, portion Alphabet's guardant P/E of 25 matches META but trades beneath Microsoft's 29.
Q1 CapEx much than doubled to $36 billion, slashing escaped currency travel 47%, portion unreality backlog astir doubled to $462 billion.
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Ahead of Alphabet's Q2 2026 net report, Bank of America has struck a bullish tone, and our proprietary exemplary mostly agrees. Alphabet (NASDAQ:GOOG) has already returned 102.77% implicit the past year, and the setup into adjacent week's study looks unusually clean.

Sundar Pichai stands connected a keynote signifier wearing a acheronian zip-up overgarment implicit a achromatic t-shirt, hands clasped astatine thorax level, speaking nether signifier lighting against a blue-grey backdrop.

Our 24/7 Wall St. terms people for Alphabet is $440.13, implying 19.06% upside from the existent $369.68 quote. Our exemplary carries a high-conviction bullish reading.

24/7 Wall St. Price Target Summary

The Setup Heading Into Q2 Earnings

Alphabet is simply a coiled outpouring close now. The banal is 6% beneath its 52-week precocious of $404.23, good disconnected the 52-week debased of $184.20, and up 18.13% twelvemonth to date.

Q1 2026 was a blowout: gross of $109.9 cardinal (+21.79%), EPS of $5.11 against a $2.6327 consensus, and Google Cloud gross up 63% to $20.028 billion, with unreality backlog astir doubling sequentially to $462 billion. Prediction markets presently delegate a 96.6% probability that Alphabet beats again connected July 22.

Why Bulls See a Breakout Past $450

The bull lawsuit rests connected cloud, AI monetization, and Waymo optionality. Google Cloud operating borderline already expanded from 17.8% to 32.9% twelvemonth implicit year, and gross from products built connected GenAI models grew astir 800%.

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Gemini present processes 16 cardinal tokens per minute, Gemini Enterprise paid monthly progressive users grew 40% quarter-on-quarter, and Waymo conscionable crossed 500,000 afloat autonomous rides per week. If Q2 confirms unreality acceleration and TPU hardware gross starts flowing successful 2027, our bull lawsuit script points to $458.61.

What Could Go Wrong

The carnivore lawsuit centers connected superior intensity. CapEx much than doubled to $35.674 cardinal successful Q1, pushing escaped currency travel down 46.63%, and 2026 CapEx guidance was raised to $180 cardinal to $190 billion.

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