Alphabet, the world’s second-biggest company with a market cap of $4.3 trillion is all set to publish its quarterly earnings on Wednesday, July 22, 2026. Google stock (NASDAQ: GOOGL) is in the spotlight as the Q2 earnings call nears. Wall Street expects strong numbers on Google Cloud and AI ad revenue that can dictate GOOGL’s price prospects.

On the heels of the earnings call, leading global investment bank Jefferies has updated its Google stock price target. The price prediction comes after Bloomberg reported that Alphabet has delayed the launch of its Gemini 3.5 Pro model. This led to a slump in GOOGL’s price over fears that the company is losing out to its competitors.

However, Alphabet pushed back on the report, saying that the company is testing the Gemini 3.5 Pro model. “We’re shipping quickly across a wide range of models while keeping them highly cost-effective for customers,” a spokesperson from Alphabet told Yahoo Finance. “We’re currently testing 3.5 Pro, an upgraded Flash model, and other models with partners, and we’re productively engaged with the US government.”

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Google Stock Price Prediction From Jefferies

Jefferies stock market analyst Brent Thill has maintained his buy rating on Google stock. In a note to clients sent on Tuesday (July 21, 2026), the analyst predicted that GOOGL could reach a high of $445. Alphabet opened Tuesday’s trading session at $353, and Jefferies predicts traders can make a profit of nearly $92 per share if they take an entry position in the equity today.

That is also an uptick and return on investment (ROI) of approximately 26% from its current price of $353. Therefore, an investment of $1,000 could turn into $1,260 if the price prediction turns out to be accurate. This is stellar gains, as not every asset can deliver double-digit gains in the market. The prospects for GOOGL look promising, with Wall Street remaining positive on its upcoming earnings call.