Ahead of Alphabet (NASDAQ: GOOGL) stock earnings report next week, more Wall Street analysts have signaled bullish sentiment for the next 12 months.
Justin Post, an analyst at Bank of America Corp. (NYSE: BAC), reiterated a Buy rating for Google stock in a note to clients analyzed by Finbold on July 16. Post raised the bank’s 12-month target price for GOOGL stock to $430 from $370.92, thus signaling a potential 15.94% upside.
On Thursday, Youssef Squali, a Wall Street analyst at Truist Financial Corp. (NYSE: TFC), maintained a Buy rating for Google stock. Squali set the firm’s 12-month price target for Alphabet shares at $430.
Is Google a good stock to buy?
Earlier today, Ronald Josey, a Wall Street analyst at Citigroup Inc. (NYSE: C), reiterated a Buy rating for GOOGL shares. Meanwhile, Josey set the bank’s 12-month price target for Google shares at $447, thereby signaling a potential 20.52% upside.
Post signaled further bullish sentiment for GOOGL stock ahead of the July 22, 2026, Alphabet stock earnings report, due to expected strong revenues. With a strong demand for the Google Cloud Platform amid the AI boom, Post signaled a bullish outlook for the company.
“We expect second-quarter (Q2) revenue of $102.1 billion and earnings per share (EPS) of $8.38, compared with the Wall Street consensus estimates of $101.0 billion in revenue and $2.90 in EPS. We estimate an $80 billion benefit to Q2 operating income from the revaluation of the company’s stake in Anthropic, whose valuation increased from $380 billion in Q1 to $965 billion in Q2,” Post noted.
Google stock forecast and performance
Following the latest GOOGL stock ratings, 34 Wall Street analysts surveyed by TripRanks have set an average 12-month price target of $435.78. With the average Strong Buy rating, these analysts forecast a potential 17.3% upside.
The analysts’ bullish sentiment could be bolstered by the rising demand for core AI stocks. Furthermore, Google stock has surged over 17% year-to-date (YTD), trading at about $371.69 at press time.
As such, if GOOGL shares continue to benefit as a core AI stock, the analysts’ bullish target could be achieved and vice versa.
