Wall Street analysts remain bullish on Alphabet (NASDAQ: GOOGL), and Alphabet will report second-quarter results on July 22. Stronger cloud forecasts and expanding artificial intelligence opportunities support the favorable consensus before the earnings announcement. However, recent price weakness has pushed GOOGL stock near short-term support despite analysts’ higher valuation targets.
TipRanks data shows 34 analysts maintained a Strong Buy consensus during the past three months. The group includes 29 buy ratings and five hold ratings, with no sell recommendations reported. The average target places GOOGL stock at $437.79 over 12 months, suggesting about 26% upside from $346.77.
BMO Capital analyst Brian Pitz raised his target to $455 from $435 and maintained a Buy rating. Pitz cited stronger Google Cloud expectations, expanding capacity, and a growing backlog behind his revised valuation. He also recognized Google’s search leadership, but reported Gemini Pro 3.5 delays remain an area of attention.
Wedbush analyst Ygal Arounian initiated coverage with an Outperform rating and a $445 target. Wedbush identified Search, YouTube, Android, Gemini, cloud infrastructure, and proprietary processors as important competitive assets. UBS maintained a Neutral rating at $410, but its higher cloud forecasts strengthened the GOOGL stock valuation case.
Analysts expect Alphabet to report second-quarter revenue near $116.8 billion and earnings of $2.87 per share. Moomoo cited revenue of $116.9 billion and net income of $35.3 billion in its earnings preview. Both revenue forecasts represent about 21% annual growth and reinforce expectations surrounding GOOGL stock.
Analysts project Google Cloud growth near 63%, driving one of Alphabet’s fastest-growing business segments. A larger backlog and rising enterprise demand support expectations for continued cloud revenue expansion. The quarterly results will indicate cloud margin progress, and Alphabet will provide details about its expanding computing capacity.
Market attention will cover Gemini models, custom tensor processing units, capital spending, and management’s 2026 outlook. Analysts will assess AI Search advertising growth, and they will examine enterprise demand for cloud-based artificial intelligence services. These measures will show how rising technology spending could support revenue, profitability, and GOOGL stock.
GOOGL stock closed at $346.77, down 2.17%, following an intraday range between $341.36 and $348.52. Shares previously faced a sharp rejection near $373 and erased much of the preceding session’s recovery. The $341-to-$345 range provides immediate support, and $350 represents the nearest resistance level.
The MACD line remains below its signal line, and its histogram has moved slightly into negative territory. The relative strength index stands near 42, below its 48.92 average but above oversold territory. Together, these indicators leave GOOGL stock neutral to bearish until buyers regain the $350 level.
Source: TradingView
A break below $341 could expose support between $335 and $330. However, a recovery above $350 could support tests of $360 and subsequently $370. Google Cloud forecasts support analysts’ bullish view, but GOOGL stock remains below its first technical resistance before earnings.
The post Google Cloud Strength Supports Bullish GOOGL Stock Outlook appeared first on Blockonomi.
