According to a research report released by Goldman Sachs on October 14, it is expected that the capital expenditures of Alphabet, the parent company of Google, will increase from $203.145 billion in 2026 to $349.896 billion in 2027, representing a year-on-year growth of 72.2%, and is projected to further rise to $414.627 billion in 2028. Meanwhile, Goldman Sachs anticipates that Alphabet's Google Cloud revenue will reach $29.556 billion in the third quarter of this year, surpassing the market consensus by 3%. Goldman Sachs maintains a 'Buy' rating on Alphabet with a target price of $435.
