US macro
Take
Saturday, August 22, 2026
Alphabet is still an ads company that just printed a Cloud quarter the Street will try to annualize. Q2 $119.8B, +24%. Cloud $24.8B, +82%, $514B backlog. Search +17%. Capex $195–205B. Spot $345 is −16% from $409 and $40 under a $385 mean. Trade the 337.5/355 box and the docket, not the $9.11 EPS.
Last cash session Friday Aug 21 · close $344.82 · +$4.15
Price
GOOGL
6M +14.17%
Snapshot
Cloud 82%, Search still 53%
Market cap
$4.2T
vs 52-week
-15.61%
Q2 revenue
$119.8B
+24%
Cloud
$24.8B
+82%
Search
$63.3B
+17%
Op. margin
34%
FY capex
$195–205B
Backlog
$514B
Street
52 analysts
$385
Mean target · +11.65% vs spot
High $450 · Low $280 · Median $380
41
Buy
9
Hold
2
Sell
Overweight
tilt
Next
Aug 28 expiry
2026-08-28
355 call wall, 337.5 put. First pin. IV 28 does not pay you to sit long gamma.
News
GOOGL headlines
No headlines cleared the filter.
Street
Analyst actions
| Date | Firm | Action | Target |
|---|---|---|---|
| 07-23 | Morgan Stanley | Overweight, PT raised | $420from 390 |
| 07-23 | Bank of America | Buy | $410 |
| 07-23 | Goldman | Buy | $400 |
| 07-23 | JPMorgan | Overweight | $395 |
| 07-23 | Barclays | Overweight | $380 |
| 07-23 | Bernstein | Outperform | $375 |
| 07-22 | Piper Sandler | Neutral | $330 |
| 07-22 | CFRA | Hold | $300 |
Quotes delayed. Options from Cboe delayed chain. Not investment advice, not a solicitation, and not affiliated with Alphabet Inc..