What the analyst said

HSBC analyst Paul Rossington raised the price target on Alphabet (NASDAQ: GOOGL) to $435.00 (from $385.00) while maintaining a Buy rating.

“Q1 results a 9.2% EBIT beat, EPS distorted by equity gains: Total revenues were +21.8% yoy to USD109.9bn and 2.7% ahead vs VA consensus at USD107.0bn.

Total EBIT was USD39.7bn, +29.7% yoy and 9.2% ahead of consensus at USD36.4bn.

At an EPS level, diluted EPS was +81.8% yoy to USD5.11 and +87.3% ahead of consensus of USD2.73 driven once again by gains in equity securities of USD36.9bn, which we think is likely due to Anthropic and/or SpaceX (both private businesses).

Removing this impact, diluted EPS would have been USD2.76, broadly in-line with consensus… Remain Buy rated with USD435.00 TP (from USD385.00), implying ~18% upside: We update our model for the release, increasing our EBIT expectations for FY25-27e by 4-7% over FY26-28e.

We roll forward our valuation to capture a 12-month forwards EBIT, which drives our higher TP of USD435.00 alongside our higher estimates. Next potential catalyst: Google I/O May 19-20.”

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Where the price stands

GOOGL trades at $283. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $435 target is 9% above the median.

Since the note GOOGL has moved −19% (from $350). 12-month window: day 189 of 365, closes on April 30, 2027.

Track record

This callOpen: GOOGL has not reached $435 yet. This 12-month target is scored on April 30, 2027.

Firm track recordHSBC: 60% of its 20 targets at least a year old were reached within 12 months (#24 of 26 firms). Accuracy ranking →

Earnings reactionOne of 24 notes after Alphabet (Google)’s Apr 29 results: 23 raised · 0 cut · 0 kept. See every call →
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Other analysts on Alphabet (Google)

Wells FargoBuy Cut price target −2%, kept rating Nov 2 $365from $371 Wells FargoBuy Cut price target −11%, kept rating Oct 30 $371from $417 TD CowenBuy Cut price target −5%, kept rating Oct 29 $460from $485 BMO CapitalBuy Cut price target −11%, kept rating Oct 29 $425from $480 CantorBuy Cut price target −17%, kept rating Oct 29 $350from $420
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.