Alphabet (GOOG) Stock Recovers as J.P. Morgan Raises Price Target to $395
TLDR
- Alphabet reported Q4 revenue of $113.8 billion, up 18% year-over-year, beating the $111.5 billion estimate, with EPS of $2.82 versus $2.64 expected.
- Google Cloud revenue surged 48% to $17.7 billion with operating margin hitting 30%, outpacing Microsoft Azure’s 39% growth.
- The company announced 2026 capex plans of $175-$185 billion, roughly double 2025’s $91.5 billion spend, well above Street estimates of $142 billion.
- J.P. Morgan raised its price target from $385 to $395, maintaining an Overweight rating despite near-term free cash flow pressure from elevated spending.
- Gemini reached 750 million monthly active users while Google Cloud’s backlog jumped 55% quarter-over-quarter to $240 billion.
💥 Find the…
