Goldman Sachs Projects Alphabet's Capital Expenditure to Near $350 Billion Next Year

According to a report released on October 14, Goldman Sachs forecasts that Alphabet's capital expenditure will rise from $203.145 billion in 2026 to $349.896 billion in 2027, representing a year-over-year increase of 72.2%, before further climbing to $414.627 billion in 2028. The bank also projects that Alphabet's Google Cloud revenue for the third quarter will reach $29.556 billion, surpassing market consensus by 3%. Goldman Sachs maintains its 'Buy' rating on Alphabet with a price target of $435.