JPMorgan raises Alphabet target to $460 from $395 and names it top pick for 2026

JPMorgan analyst Doug Anmuth raised his Alphabet price target to $460 from $395 after the Q1 report and named the stock the firm's top overall pick for 2026. He called the cloud backlog the most impressive metric of the earnings season so far. For traders it is one of the most bullish large-bank calls on the stock after the cloud results.

• Price target raised to $460 from $395
• Alphabet named JPMorgan's top overall pick for 2026
• Cloud backlog called the most impressive metric of the season so far