Alphabet will publish its earnings call today after the closing bell on Wednesday, which will decide the direction of Google stock Class A (NASDAQ: GOOGL). The leading equity crossed the $352 mark this week but will open on Wednesday’s bell at $350. Leading investment bank Goldman Sachs goes bullish on Alphabet’s revenues, predicting that Google stock will reach the $400 mark next.

Google Stock Earnings Call: Goldman Sachs Explains the $400 Bullish Target

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Goldman Sachs is the only financial giant to place a ‘buy’ call for Google stock continuously since September 2021. The investment bank wrote that despite its growth, Alphabet remains under-appreciated due to its capex on AI. The bank explained that Alphabet will scale its computing business and monetize the platform and application layers. This leads to a stream of income, allowing Alphabet to gain an advantage in cash flow.

After Alphabet announced a series of launches at the Cloud Next 2026 event in Las Vegas, Goldman Sachs went further bullish on Google stock. The company announced new products and services in all its infrastructure, including data management, security, and Gemini Enterprise. The launches and updates will take place after June, making GOOG a prime candidate to scale up in the charts.

Also Read: Google Stock Earnings Call: What Will Define the Barometer of Success?

Goldman Sachs described Google stock as a “dual under-appreciated narrative,” and the market is still underestimating its AI capabilities. The Cloud Next event gave the investment bank an additional layer of confidence in Alphabet’s prospects. What made the confidence grow is the upcoming announcement of the 8th-generation custom TPU chips named ‘TPU 8t.’

The TPU 8t chips are optimized for training and can scale up to 9,600 TPUs and 2 petabytes of shared, high-bandwidth memory in a single superpod. This makes it achieve three times the processing power of Ironwood, while the TPU stands out from the rest. Goldman Sachs explained all of these reasons that can take Google stock to the $400 mark next.

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  • Goldman Sachs
  • GOOGL
  • Google stock