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Roth raises price target on Alphabet

Summary by Cantech Letter
Roth Capital analyst Rohit Kulkarni raised his target on Alphabet (Alphabet Stock Quote, Chart, News, Analysts, Financials NYSE:GOOGL) to $435.00 from $395.00, maintaining a “Buy” rating after what he called a strong first-quarter 2026 beat driven by Search, Cloud and subscriptions. In his April 30 sales analysis Kulkarni said Google Cloud revenue rose 63% year-over-year […] Source
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Key Takeaways: GOOGL hits an all-time high of $384.28, currently trading at approximately $386.94. Q1 2026 earnings per share (EPS) reached $5.11, exceeding market expectations of $2.62; revenue reached $109.9 billion. JP Morgan named GOOGL its top pick for 2026 and raised its price target to $460. The Gemini API processes over 16 billion tokens per minute, demonstrating the commercial potential of AI. Cloud business backlog surges to $460 billi…

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Cantech Letter broke the news on Tuesday, May 5, 2026.
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