Wolfe Research has designated Alphabet Inc. as its top equity pick for 2027, citing accelerating momentum in Google Cloud and artificial intelligence initiatives. The firm raised its 2027 revenue projection for Alphabet by 10% to $595 billion, while lifting earnings per share estimates by 6% to $15.89.
Wolfe Research projects Google Cloud Platform revenue growth of 125% year-over-year in 2027, significantly outpacing the street consensus of 87% growth. The firm highlighted Alphabet's enhanced Gemini AI suite, which now includes productivity tools for its voice assistant, an improved speech-to-text model, and flexible billing options.
Citizens maintained a Market Outperform rating on Alphabet, emphasizing the potential for cloud growth as a key driver. The upgrades reflect confidence in Alphabet's ability to leverage AI and cloud services amid broader enterprise technology demand.
