Ever since hitting the 2026 bottom at the end of March, Google (NASDAQ: GOOGL) stock has been on a decisive uptrend, rising a total of 45% within the timeframe and enjoying an especially pronounced upswing following the April 29 earnings report.
Multiple Wall Street analysts have, since May started, taken note of the rise and overwhelmingly adjusted their expectations to reflect that they consider more growth is coming for the blue-chip technology giant.
The most recent rating and price target upgrades were issued on May 5 and 6, with Mizuho’s Lloyd Walmsey reiterated the previous ‘Buy’ rating while increasing the 12-month price target from $420 to $460. DBS’s Sachin Mittal opted for the same recommendation while switching the forecast from $400 to $460.
Mizho’s reasoning, according to the note, is that the consensus estimate is severely underestimating the potential for Google Cloud revenue and, by extension, the income potential in the next two years.
Wall Street sets Google stock price target
Meanwhile, the largest Wall Street analyst price target update was assigned earlier in May and in the immediate aftermath of Alphabet’s earnings report covering the first quarter (Q1) of 2026.
Specifically, Andrew Boone, an analyst with Citizens JMP, reiterated the previous ‘Buy’ recommendation but increased the price target by a 33.77%: from a 3.97% downside from the press time price of $400.90 to $385 to a 28.46% upside to $515.
Lastly, the recent bullish revisions are largely in line with the consensus rating of Google stock. Indeed, the equity is, overall, ranked as ‘Strong Buy’ on the stock analysis platform TipRanks, per the data Finbold retrieved on May 7.
The average 12-month GOOGL share price forecast is similarly optimistic, as it considers a 6.892% rally to $425.19 as the likeliest trajectory.
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