“A strong performance Wednesday could bolster confidence in Alphabet’s stock,” analysts stated ahead of the company’s earnings report on April 29, 2026. Expectations run high as investors anticipate record highs following robust revenue growth.
Alphabet is set to report earnings soon. Revenue is expected to grow by close to 19% year-over-year, reaching approximately $107.02 billion. However, earnings per share are projected to drop by 3 cents to $2.73.
Citi analysts recently lifted their price target for the stock to $405, up from $390. This reflects confidence in Alphabet’s continued performance, especially in the cloud sector.
Traders expect Alphabet’s stock could swing up to 5% in either direction by the end of the week. Currently, shares are up about 12% since the beginning of the year.
Key facts:
- Alphabet’s shares are seen potentially hitting fresh records following the earnings results.
- The average price target from Wall Street analysts is $382, suggesting an upside of about 9%.
- Investments in AI spending continue to impact profits positively.
The upcoming earnings announcement will be pivotal for investors. Analysts and traders alike are watching closely as they anticipate how Alphabet will navigate its financial landscape amid growing competition.
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