Aug. 27 at 10:22 PM
Wolfe Research named Alphabet one of its top picks for 2027, supported by significantly higher financial estimates. The firm raised its 2027 revenue forecast by 10% to
$595 billion and its EPS estimate by 6% to
$15.89, seeing substantial upside versus current Wall Street consensus.
Wolfe expects Alphabet’s Google Cloud Platform revenue to grow 125% year over year in Q3, well above the market’s 87% forecast. The bullish view reflects confidence that Alphabet can outperform expectations in both advertising and cloud computing, with the latter gaining momentum in the competitive enterprise market.
The firm believes investors may be underestimating Alphabet’s growth trajectory, particularly as demand for cloud infrastructure and AI services accelerates. Recent developments include improvements to Gemini, with new productivity tools for its voice assistant, more accurate speech-to-text capabilities and flexible billing options.
$GOOGL