Quick Read
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GOOG earns a $461 price target at 90% confidence, with $400 projected by February 2027 on the back of 82% Cloud growth.
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GOOG’s trailing P/E of 15 is roughly half of MSFT’s 28 and below META’s 22, despite Google Cloud outgrowing Azure nearly two-to-one.
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Alphabet’s Class C shares are trading at $356.62 as of August 6, 2026, and our proprietary model sees room for more. Our 24/7 Wall St. price target for Google (NASDAQ: GOOG) is $461.01 over the next 12 months, implying 29.27% upside from here. That is a buy, held at 90% confidence, the highest tier our system assigns.
24/7 Wall St. Price Target Summary
Our base-case path has GOOG crossing $400 between the December 2026 checkpoint of $389.70 and the March 2027 checkpoint of $412.70. Google should reach $400 in early February 2027, roughly a week after the Q4 FY26 earnings release.
A Week of Recovery After a Bruising Earnings Report
GOOG is up 81.62% over the past year and 13.79% year to date, trading about 4% below its 52-week high of $404.23. The last week added 6.87% as buyers stepped back in after the Q2 earnings drawdown.
That Q2 report on July 24, 2026 delivered strong fundamentals: EPS of $9.11 beat a $3.04 estimate, revenue of $119.80B rose 24.2% year over year, and Google Cloud accelerated to 82% growth.
Shares fell 6.89% on the day as investors digested a 100% YoY jump in CapEx to $44.92B and a suspended buyback.
Why Bulls See a Breakout Ahead
The bull case rests on Cloud. Google Cloud’s growth ramped from 34% to 48% to 63% to 82% across the last four quarters, with backlog swelling from $155B to $460B.
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Gemini is in use at nearly 90% of the Fortune 100, the Gemini App has 950M monthly active users, and Waymo is scaling to 500,000 weekly rides. If Cloud sustains 50%+ growth into 2027, the bull scenario reaches $528.94, a 48.32% total return.
What Could Go Wrong
The bear case is the CapEx bill. Google guided 2026 CapEx to $175 to $185 billion, long-term debt climbed from $46.5B to $98.2B, buybacks were suspended in Q2, and free cash flow turned negative at negative $5.86B. Polymarket bettors put only 18.5% odds on GOOG hitting $400 by end of August, and 81.5% on $350.
