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Evercore ISI raises Alphabet target to $450, citing strong cloud growth potential.

Analyst Insights
16 Sep 2026
Andrew Wynn
View Source
Bullish
Evercore ISI raises Alphabet target to $450, citing strong cloud growth potential.

Evercore ISI upgraded Alphabet's price target from $420 to $450, maintaining an "Outperform" rating due to the company's significant cloud computing potential. The firm highlights that Alphabet's cloud business is often underestimated, with more market attention on AI models. Alphabet is investing heavily in cloud infrastructure, including a $22 billion chip loan for Crux AI and new data centers, aiming to boost its Return on Invested Capital (ROIC) to 25-40%. These efforts could generate $84 billion to $108 billion in new cloud revenue by 2027/28, positioning Alphabet for strong future growth beyond its core search and advertising businesses.

Alphabet's shares on Pluang are trading at USD 346.96 as of Sep 17, 2026 19:17 WIB, which is below its 52-week high of USD 402.62 but well above the 52-week low of USD 236.59. The stock gained 1.19% in the last day, with a market cap of $4.17 trillion and a dividend yield of 0.26%. Despite the recent upgrade in price target to $450 by Evercore ISI, Pluang investors show a balanced sentiment with 61% buying and 39% selling activity.

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