Although Alphabet (NASDAQ: GOOGL) stock has experienced a strong rally, since early 2025, catalyzed by the Artificial Intelligence (AI) boom, Andrew Boone, a Wall Street analyst at Citizens, expects another uptrend towards a new all-time high (ATH) over the next 12 months.
As Alphabet (NASDAQ: GOOGL) stock added over 10% year-to-date (YTD) to become the world's third most valuable company by market capitalization, Andrew Boone, a Wall Street analyst at Citizens, expects another rally over the coming 12 months to reach a new all-time high (ATH).
Although Alphabet (NASDAQ: GOOGL) lost nearly $510 billion in its market capitalization over the past three weeks, Scott Devitt, a Wall Street analyst at Rosenblatt Securities, expects this stock to rally to a new all-time high (ATH) over the next 12 months.
On Monday, July 27, analysts from Phillip Securities revealed that their conviction in the stock of Google's parent company, Alphabet (NASDAQ: GOOGL), has increased relative to the previous note they issued to investors.
I keep hitting the buy button on Amazon (NASDAQ:AMZN | AMZN Price Prediction), and Alphabet (NASDAQ:GOOGL) just handed me another reason to keep going.
Alphabet (NASDAQ: GOOGL) has reported a larger-than-expected increase in capital spending for the past quarter, but Google stock price targets suggest analysts are still confident in the technology conglomerate.
In the July 22 after-hours session, immediately after filing second-quarter (Q2) earnings, Google (NASDAQ: GOOGL) stock plummeted 3.31% from its close at $342.09 to $330.76, effectively wiping $138 billion from Alphabet's market capitalization.
Google's parent company, Alphabet (NASDAQ: GOOGL), is approaching its next earnings report – scheduled for Wednesday, July 22 – in a somewhat uncertain position.
Wall Street analysts remain overwhelmingly bullish on Alphabet (NASDAQ: GOOGL) ahead of its July 22 earnings report, with the average Google stock price target implying more than 26% upside from current levels.
Ahead of Alphabet (NASDAQ: GOOGL) stock earnings report next week, more Wall Street analysts have signaled bullish sentiment for the next 12 months.
Though Google (NASDAQ: GOOGL) stock suffered a significant correction in the last month and erased approximately $230 billion from Alphabet's market capitalization, Wall Street has remained largely bullish regarding the blue-chip company's future.
As Alphabet (NASDAQ:GOOGL) navigates an intensifying battle for Artificial Intelligence (AI) talent, Citizens analyst Andrew Boone has issued his 12-month rating for the Google share price.