Google’s Alphabet stock (NASDAQ: GOOGL) has had a phenomenal run in the charts from March end to early May. It surged from a low of $273 to a high of $383, rising more than 35% in just about a month. Institutional funds heavily accumulated GOOGL on the heels of the earnings call that was scheduled on April 29. The relentless buying is also among the reasons for the stock to surge in value last month.
After the Q1 results beat all expectations, leading global investment bank JP Morgan has gone further bullish on Google stock. In their ‘Top Overall Pick’ for 2026, GOOGL remains at an excellent position with a price prediction that could make anyone invest in it. The bank remains highly confident in GOOGL’s prospects and raised its price target.
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JP Morgan’s Top Overall Pick For 2026: Google Stock Predicted To Reach Here
According to JP Morgan’s analyst Doug Anmuth, Google stock could reach a high of $460 next. The previous target for GOOGL remained at $395, and the analyst has aggressively upgraded the forecast. The increase in the price target comes after Alphabet’s blockbuster earnings call, where revenues grew 22% year-on-year to $109.9 billion. Earnings per share surprised Wall Street with $5.1, outnumbering the expectations of $2.62.
JP Morgan wrote that Alphabet has moved beyond the experimental phase in the AI industry. He wrote that the Gemini API, which is processing over 16 billion tokens per minute, proves that Google is successful in converting its massive AI infrastructure spending into actual revenue. This is among the major drivers for Google stock to be the Top Overall Pick for 2026.
Anmuth also added that the Cloud backlog, which surged to $460 billion, has a bigger scalable advantage. Cloud operations could drive margins for years, wrote JP Morgan, highlighting that Google stock will benefit from the ordeal. If GOOGL reaches $460, that would be an uptick and return on investment (ROI) of approximately 20%. Therefore, an investment of $1,000 could turn into $1,200 if the forecast turns out to be accurate.