Analysts on Wall Street are in strong belief that Alphabet (GOOGL) is set for another pop in value, new GOOGL forecasts suggest. Money managers have recently bought up $2.37 billion worth of Alphabet stock, following the company raking in $12.56 billion in last month’s report on new buys by the best mutual funds.
One of the biggest catalysts that has been discussed for GOOGL stock in 2026 has been the growth of Alphabet’s Waymo. Waymo, part of Alphabet, began in 2009 as an in-house startup within Google’s X initiative and officially became Waymo in 2016. With Tesla (TSLA) dominating the robotaxi sphere in the last few years, Waymo has quietly caught on in several states in the US. Entering 2026, both Tesla and Waymo are expected to continue their expansion across the country.
Furthermore, Alphabet (GOOGL) is experiencing strong growth in its YouTube and cloud computing businesses. Over the last three years, the company has generated average earnings growth of 28%. Over the last three quarters, earnings growth has averaged just under 20%. In Q3, Alphabet eclipsed $100 billion in top-line growth. Revenue rose 16% to $102.3 billion. For the fourth quarter, Wall Street forecasts another 16% rise in revenue to $111.1 billion and a 22% jump in earnings to $2.63 per share. For the full year, analysts expect 36% earnings growth to $10.63 a share.
Also Read: Trump to Use Alternative Tariff Powers if Supreme Court Rules Against Him
For GOOGL stock, analysts have diverse opinions, with price targets ranging from $220 to $375. The consensus leans towards a positive outlook, with most analysts maintaining their current ratings. Wedbush and Guggenheim suggest potential upside with price targets of $350 and $375, respectively. Rosenblatt and DA Davidson are more conservative with Neutral ratings and targets at $279 and $300. Roth MKM, with a 99.80 price target accuracy, remains on the lower end with a $220 target.
Trading above its 21-day exponential moving average and its sharply rising 50-day line, Google stock has crafted an early-stage flat base. The buy point is 328.83. Early Friday, shares are teasing a climb into buy range. While dipping as the current flat base has formed, the relative strength line remains within striking distance of a 52-week high.