Jefferies Sets $445 Price Target for Alphabet Ahead of Earnings

Alphabet is preparing to release its quarterly earnings report this Wednesday, July 22, 2026. Investors are focused on the tech giant as Wall Street anticipates strong growth from Google Cloud and artificial intelligence ad revenue. These figures will likely set the tone for the stock price in the coming weeks.

The update comes after some market uncertainty surrounding the timing of the Gemini 3.5 Pro model. While reports of a launch delay caused a temporary dip in the stock price, Alphabet clarified that the model is currently in testing with partners. This statement helped calm investor nerves as the earnings call approaches.

Jefferies analyst Brent Thill remains optimistic about the company. He maintained a buy rating and issued a price target of $445 per share. With the stock currently trading near $353, this prediction suggests a potential gain of roughly 26 percent for shareholders.

Traders are watching the upcoming call closely to see if the firm can meet these high expectations. If the earnings report shows consistent progress in AI integration, it could provide the momentum needed to reach the target set by Jefferies.