<div id="readability-page-1"><p>Shares of tech giant Alphabet (GOOGL) have risen 27% year-to-date, driven by the strength in its Google Cloud business, integration of artificial intelligence (AI) in Search, and the growing adoption of the company's TPU (Tensor Processing Unit) AI chips. Top Mizuho analyst Lloyd Walmsley sees further upside potential in GOOGL stock and raised his price target to $460 from $420, while reiterating a Buy rating, &#34;We believe consensus estimates continue to significantly under-model Google Cloud revenue and operating income potential over the next two years,&#34; said Walmsley.</p><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with  Smart Investor Picks  </li></ul> <h2><strong>Mizuho Analyst Is Bullish on Google Cloud's Prospects</strong></h2> <p>Walmsley's analysis of the latest cloud backlog data and hardware sales estimates from Mizuho's supply chain team indicate Cloud segment revenue and operating income projections that are notably ahead of the Street's estimates. He highlighted that in Q1 2026, Google Cloud backlog surged 90% quarter-over-quarter to about $462 billion, with an estimated $61 billion expected to be achieved via TPU sales through 2027.</p> <p>Based on his analysis and the solid backlog, Walmsley now expects Google Cloud revenue growth of 70% in 2026 and 59% in 2027, compared to the Street's expectations of 58% and 47%, respectively. While the company has not disclosed the revenue recognition method or margin profile of chip sales, the 5-star analyst believes that hardware sales can deliver margins at least comparable to the company's traditional cloud compute rental business.</p> <p>Overall, Walmsley increased his 2026 and 2027 revenue and operating income estimates for the Google Cloud segment and raised his earnings per share (EPS) estimate for 2026 and 2027 to $14.31 and $15.12, respectively, ahead of consensus estimates of $13.50 and $14.43. The analyst added that his revised price target is based on a P/E multiple of 30x 2027 GAAP EPS of about $15. He emphasized that this P/E multiple is above GOOGL's range for the past 3-years, reflecting his view that Alphabet has &#34;shifted from AI Loser to AI Winner and deserves a premium.&#34;</p> <p>Interestingly, Walmsley ranks No. 169 among more than 12,200 analysts tracked on TipRanks. He has a success rate of 63%, with an average return per rating of 24.9% over a one-year period.</p></div>

The earnings reports of the four tech giants are all out, and all exceeded expectations! Google Cloud revenue grew 63% year-over-year, driving its stock price up 7% in after-hours trading; Amazon AWS's growth rate hit a near three-year high; Microsoft's stock price fell; Meta was hammered by over 6% due to another increase in capital expenditures. Apple, the final company to report, exceeded expectations and increased its share buyback program. How were your bets this earnings week? Share your results!

<p>The earnings reports of the four tech giants are all out, and all exceeded expectations! Google Cloud revenue grew 63% year-over-year, driving its stock price up 7% in after-hours trading; Amazon AWS's growth rate hit a near three-year high; Microsoft's stock price fell; Meta was hammered by over 6% due to another increase in capital expenditures. Apple, the final company to report, exceeded expectations and increased its share buyback program. How were your bets this earnings week? Share your results!</p>

Super Earnings Week Wraps Up — Apple Beats Expectations!

GOOG

GOOW

GGLL

CLOU

<p>Top Mizuho analyst Lloyd Walmsley has raised his price target for Alphabet (GOOGL) from $420 to $460, citing strong growth in Google Cloud and AI integration. GOOGL shares have risen 27% year-to-date. Walmsley expects Google Cloud revenue growth of 70% in 2026 and 59% in 2027, surpassing market expectations. He also increased his earnings per share estimates for 2026 and 2027 to $14.31 and $15.12, respectively. His revised price target reflects a P/E multiple of 30x 2027 GAAP EPS, indicating Alphabet's shift to an AI leader.</p>

- Shares of Alphabet (GOOGL) have increased by 27% this year, mainly due to strong growth in Google Cloud and AI integration.  
- Mizuho analyst Lloyd Walmsley raised the price target for GOOGL stock to $460, citing underestimations of Google Cloud revenue and strong backlog data.  
- Walmsley projects 70% growth for Google Cloud in 2026 and 59% in 2027, higher than current market expectations, while revising earnings per share estimates for those years to $14.31 and $15.12, respectively.

Top Mizuho Analyst Lifts Alphabet (GOOGL) Stock Price Target on Upside in Google Cloud