UBS raised its Alphabet (GOOGL) price target from $348 to $375. The bank cites accelerating growth in Google Cloud and AI infrastructure monetization. External sales of custom Tensor Processing Units (TPUs) drive the revised outlook.
Alphabet reports Q1 2026 earnings on April 29. Investors seek confirmation of sustained momentum in the cloud division during the upcoming call.
UBS maintained its Neutral rating on the stock. The $375 price target aligns with the current Wall Street consensus. Analysts suggest the current share price already reflects the company's strong business momentum.