After soaring 106.32% from $176.09 in June 2025 to $363.31 at the latest close, Google (NASDAQ: GOOGL) stock is now expected to rise another 30.74% by the summer of 2027, per a note issued by TD Cowen’s John Blackledge on Tuesday morning.
Specifically, the Wall Street analyst revealed that his firm updated its analysis of cloud artificial intelligence (AI) cloud revenue and gigawatt capacity and concluded the latter would increase tenfold between 2022 and 2031 to support enterprise and consumer demand.
Furthermore, TD Cowen also estimated that Google’s cloud margins will enjoy a steady rise and opined that Street estimates will also increase across the coming quarters before Blackledge elected to increase the 12-month price target from the previous $450 to $475.
Wall Street analysts set Google stock price target for the next 12 months
Zooming out reveals that TD Cowen’s latest estimates are indeed ahead of the Wall Street consensus for Google stock. Specifically, GOOGL shares are overall expected to rise 14.98% to $427.46 before the end of the second quarter (Q2) of 2027, per the data Finbold retrieved from TipRanks on June 9, 2026.
As could be expected given the forecast, Alphabet’s equity is viewed as a ‘Strong Buy,’ on average, with 28 analysts rating it as a ‘Buy,’ five as a ‘Hold,’ and none issuing a ‘Sell’ recommendation within the last three months.
Additionally, notes issued since June started reinforce the bullish sentiment despite GOOGL stock’s 7.7% decline since early May, since, out of the seven notable recommendations provided, all but one consider the shares a ‘Buy.’
Meanwhile, the highest 12-month price target in the month was indeed set by TD Cowen at $475, while the lowest – $410 – accompanied the singular June ‘Hold’ recommendation, issued by UBS’ Stephen Ju.
Under the circumstances, Google stock’s expected rally between press time and the summer of 2027 ranges between 12.85% and 30.74%, based on the targets issued in the first nine days of the month.
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