Alphabet (GOOGL) Stock: Wolfe Research Names It a Top 2027 Pick on Cloud Growth
TLDR
- Wolfe Research reiterated an Outperform rating on Alphabet (GOOGL) with a $460 price target, implying 34.5% upside
- The firm raised its 2027 revenue estimate by 10% to $595 billion and EPS forecast by 6% to $15.89
- Wolfe expects Google Cloud Platform revenue to grow 125% year-over-year in Q3, well above Wall Street’s 87% estimate
- Google Cloud posted 82% year-over-year revenue growth in Q2, reaching $24.8 billion with a 35.6% operating margin
- 29 Wall Street analysts give GOOGL a consensus Strong Buy, with an average price target of $422.22
Wolfe Research analyst Shweta Khajuria has named Alphabet (GOOGL) one of the firm’s top stock picks for 2027, reiterating an Outperform rating and a $460 price target. That implies roughly 34.5% upside from current levels. The stock currently trades around $342, with a P/E ratio of 17.14 and a PEG ratio of 0.15.
Despite the bullish call, GOOGL was trending lower in Thursday’s pre-market trading, down around 0.80%.
Khajuria raised her 2027 revenue estimate by 10% to $595 billion and increased her EPS forecast by 6% to $15.89. She said the firm sees “meaningful upside to consensus” and believes it is not too early to make a 2027 call.
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