Alphabet's stock soars as BofA raises price target post-earnings; Nears Nvidia in market cap with big growth prospects.

Alphabet's stock increased by 5.5% on Thursday, triggering a massive $421 billion market cap boost following Bank of America's adjustment of its price target to $430.
This rise comes after Alphabet's earnings report revealed a 22% revenue increase year over year, reaching $109.9 billion for Q1.
The stock has gained 138.5% over the past year, significantly narrowing the market cap gap with Nvidia to $202.92 billion.
With Google Cloud's 63% revenue growth and increasing AI momentum, investors are optimistic about Alphabet's trajectory as it capitalizes on these trends.
Bank of America anticipates continued growth, lifting its 2026 revenue estimate by 4% to $424 billion and EPS by 26% to $14.43.
The positive sentiment aligns with Alphabet’s overall performance, which has seen it climb to become the second-largest company globally after surmounting Apple in market cap earlier this year.
Overall, Alphabet's robust results and forward guidance demonstrate a strong growth potential, fueled by AI developments and entrenched in its popular subscriptions, including YouTube and Google One which boast about 350 million paid subscriptions.

Alphabet's stock surged 5.5% to $369.3 after Bank of America lifted its price target to $430 following a productive earnings report. The surge marked a record one-day market cap increase of $421 billion, narrowing the gap with Nvidia to roughly $202.92 billion as investors celebrate AI growth prospects.