Alphabet’s stock is set for a significant move following its earnings report on April 29, 2026. Analysts anticipate that shares could hit fresh records amid strong revenue growth.
Revenue for the first quarter is expected to have grown by close to 19% year-over-year. However, analysts predict earnings per share will drop by 3 cents to $2.73.
Citi analysts recently lifted their price target for Alphabet’s stock to $405, up from $390. This adjustment reflects growing confidence in the company’s performance.
Key statistics:
- Shares are expected to swing up to 5% in either direction by the end of the week.
- Alphabet’s shares have risen about 12% since the start of the year.
- The average price target from Wall Street analysts stands at $382, suggesting upside of about 9% from Tuesday’s close.
A strong performance Wednesday could bolster confidence in Alphabet’s stock. The ongoing investment in AI spending and cloud revenue significantly impacts its profits.
The market is closely watching these developments as traders prepare for potential volatility. The outcome of this earnings report could set the tone for Alphabet’s stock trajectory in the coming months.