Wall Street analysts struck a more optimistic tone on Alphabet (NASDAQ: GOOGL) following the company’s fourth-quarter earnings report, as stronger-than-expected results reinforced confidence in its cloud business and artificial intelligence strategy.
In response to the earnings release, Barclays raised its price target on Alphabet to $360 from $315 and reiterated an Overweight rating.
The firm said Alphabet’s artificial intelligence “story is cranking on full flex-mode,” pointing to 48% year-over-year growth in Google Cloud revenue during the quarter and a “massive jump” in cloud backlog.
TD Cowen echoed the more constructive view, lifting its price target to $365 from $355 while maintaining a Buy rating. In a research note, the firm said Alphabet delivered another quarter of accelerating cloud growth, adding that strength in Search played a key role in driving the overall revenue beat.
Despite the upbeat analyst revisions, Alphabet shares traded lower in the latest session. The stock closed at $333.34, down $7.36 (2.16%), on Wednesday, February 4, 2026, as investors weighed the earnings update alongside broader market conditions.
