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StocksUpdated•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

Mizuho Raises Alphabet Price Target to $420 on Cloud Growth Potential

Sundar Pichai in glasses on an orange background, beside a Google Discover interface with news cards for Cosan and Lincoln National, and rising graphs.

Key Facts

1Mizuho raised its price target on Alphabet (GOOGL) to $420 from $410 while maintaining an Outperform rating.

2Mizuho projects cloud revenue reaching $149 billion in 2027, significantly higher than the Bloomberg consensus of $116 billion.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 1about 2 months ago

What changed: Added a new 'Buy' rating from William O'Neil highlighting self-driving technology potential.

Mizuho Securities has increased its price target for Alphabet (GOOGL) to $420, maintaining an 'Outperform' rating as it projects Google Cloud revenues to reach $149 billion by 2027. Adding to this bullish sentiment, William O'Neil has reinstated Alphabet with a 'Buy' rating, specifically highlighting the long-term potential of the company's self-driving technology. Analysts at Mizuho cited the strategic partnership with Anthropic and the evolving sales model for Tensor Processing Units (TPU) as critical drivers for margin expansion. The firm suggests that the market is currently undervaluing Alphabet's AI infrastructure and cloud backlog trends. Furthermore, the transition of TPU sales into a high-margin, royalty-like model is expected to bolster financial performance. Collectively, these updates reflect growing confidence in Alphabet's ability to dominate both the AI cloud sector and the future of autonomous mobility.