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Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best American Tech Stocks to Buy. On April 30, Pivotal Research increased its price target on Alphabet Inc. (NASDAQ:GOOGL) from $420 to $470 and kept its Buy rating on the stock.
The research firm pointed to the company’s first-quarter results. Search revenue growth accelerated for the fifth quarter in a row, increasing 19% year-over-year, which was higher than the firm’s expected growth of 15%. Cloud revenue growth also accelerated for the fourth quarter in a row, growing 63% and beating Pivotal Research’s estimate of 48%. Cloud operating margins were also better than expected.
Subscriptions and Devices revenue increased by 19% in the first quarter of 2026. Pivotal Research increased its forecasts for search and cloud revenue after the results.
Pivotal Research also raised its capital expenditure estimates, including an increase of $10 billion for 2026 linked to the Intersect acquisition, along with higher spending projections for 2027 and beyond. According to the research firm, these updates reflect strong cloud and AI momentum.
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology company and the parent company of Google. The company’s products include Search, Ads, Chrome, Cloud, YouTube, and Android. It specializes in areas like AI, cloud computing, and hardware.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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