Wolfe Research Sees Alphabet Stock Price Surge 34.5% to $460

Wolfe Research has maintained its Outperform rating on Alphabet (GOOGL) with a $460 target price, suggesting a potential upside of 34.5%.

The investment firm boosted its 2027 revenue projection by 10% to $595 billion and lifted EPS expectations by 6% to $15.89.

Wolfe anticipates Google Cloud Platform revenue will surge 125% year-over-year in Q3, significantly exceeding the Street's 87% consensus.

The cloud division delivered an impressive 82% year-over-year revenue expansion in Q2, hitting $24.8 billion with a 35.6% operating margin.