Pivotal Research Raises Alphabet (GOOGL) Price Target, Keeps Buy Rating

The probe steadfast pointed to the company’s first-quarter results. Search gross maturation accelerated for the 5th 4th successful a row, expanding 19% year-over-year, which was higher than the firm’s expected maturation of 15%. Cloud gross maturation besides accelerated for the 4th fourth successful a row, increasing 63% and beating Pivotal Research’s estimation of 48%. Cloud operating margins were besides amended than expected.

Subscriptions and Devices gross accrued by 19% successful the archetypal 4th of 2026. Pivotal Research accrued its forecasts for hunt and unreality gross aft the results.

Pivotal Research besides raised its superior expenditure estimates, including an summation of $10 cardinal for 2026 linked to the Intersect acquisition, on with higher spending projections for 2027 and beyond. According to the probe firm, these updates bespeak beardown unreality and AI momentum.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational exertion institution and the genitor institution of Google. The company’s products see Search, Ads, Chrome, Cloud, YouTube, and Android. It specializes successful areas similar AI, unreality computing, and hardware.

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