Google (NASDAQ:GOOG<\/a>) just delivered one of the best quarters in its history. Parent company Alphabet grew revenue 24.23% to $119.80 billion in Q2, and Google Cloud grew 82% to $24.77 billion. <\/p>\n Even so, shares are up only 8.99% year to date at $341.35. That leaves one question for this article: can Alphabet reach $500 in 2027? <\/p>\n Q2 capex came in at $44.92 billion, up 100.14% YoY, and that pushed free cash flow to -$5.86 billion. To pay for the AI buildout, Alphabet raised roughly $70 billion in equity and debt and paused buybacks. <\/p>\n Shares changed hands at $393.32 in mid-May and have drifted lower since then. The stock is up just 1.8% over the past month and 1.19% over the past week. Its beta of 1.225 means moves in either direction come in larger than the market’s. <\/p>\n Wall Street Sees 22.9% Upside. Our Model Says 26.9% <\/p>\n The consensus target is $419.65, which works out to 22.9% upside. Analysts are split 13 Strong Buy, 42 Buy, 5 Hold and 0 Sell. The base case sits at $435.93, or 26.88% upside, within a range from $368.89 to $453.11. The model’s confidence score of 0.7 signals fairly high conviction. <\/p>\n —— <\/p>\n Free Report, Just Released <\/p>\n Why Didn’t GOOG Make The Top 10 List? <\/p>\n 24\/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.<\/a> <\/p>\n And GOOG didn’t make the cut! <\/p>\n The report is free, and you can see why we think each stock is a top investment today. <\/p>\n Enter Your Email and See the Ten \u2192<\/a> <\/p>\n —— <\/p>\n I think the Street is lowballing it. 92% of analysts are bullish, and earnings growth adds 0.03 to our factor. Cloud backlog stands at $514 billion, and management expects to recognize just over 50% of it within 24 months. Revenue that visible deserves a higher price than $419. <\/p>\n Story Continues <\/p>\n Reaching $500 from today’s price of $341.35 would take a gain of 46.5%. <\/p>\n A forward EPS figure was unavailable, so I’m using trailing EPS of $19.93. On that basis, $500 works out to a P\/E of 25x. The base case already implies 17x, so the target needs roughly 8x of additional multiple expansion. Keep in mind that trailing EPS includes a $99.03 billion unrealized equity gain, and the stock trades at 22x forward earnings. <\/p>\n Among the catalysts already in motion, Google revealed Gemini 4 Argon. Most of the revenue from existing TPU system agreements is expected in 2027. Gemini’s app has 950 million monthly users. Here’s how Sundar Pichai put it: “Our AI investments are redefining what’s possible across every part of our business.” <\/p>\n The main risk is that capex keeps climbing faster than cash flow. <\/p>\n Current Valuation Leaves Room for Expansion <\/p>\n At 17x trailing earnings, Alphabet looks cheap for a company growing revenue in the mid-20s. Shares sit between the 52-week low of $236.07 and the high of $403.96. <\/p>\n Over 10 years the stock has returned 789.21%, and our five-year base case reaches $687.78 by October 2031. That discount is the raw material for the $500 thesis. <\/p>\n Is $500 Realistic? Here’s My Take <\/p>\n Getting to $500 calls for a 46.5% gain. I’d call that a stretch, but a reachable one. <\/p>\n The path requires three things to go right: Cloud keeps compounding off its backlog, TPU system sales increase on schedule in 2027, and Gemini 4 strengthens Google’s position at the frontier. Another leg up in spending without a matching rebound in free cash flow would undermine the thesis. <\/p>\n Returns at this level shouldn’t be expected every year, but we’ve outlined the plan for how Google could reach $500 in 2027. <\/p>\n Got $1,000? Before You Buy GOOG, Read This <\/p>\n If you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24\/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today.<\/a> And GOOG wasn’t one of them. <\/p>\n They combed the entire market. It’s not 10 ideas, not 10 stocks everyone is talking about, it’s what their research points to as the 10 best stocks to buy right now, and it’s free. Read more here and see which stocks made the list –>><\/a> <\/p>\n<\/a> _ultraforma_ \/ Getty Images <\/p>\n
<\/a> GOOG Price Target \u2014 24\/7 Wall St. What’s Holding Alphabet Back Right Now <\/p>\n
<\/a> GOOG Analyst Ratings \u2014 24\/7 Wall St. <\/p>\n
<\/a> GOOG Price Scenario \u2014 24\/7 Wall St. Here’s What It Takes for Google to Reach $500 <\/p>\n