Alphabet Holds Near $385 After Record High, Eyes June $5T Milestone

Alphabet shares trade around $385 following a pullback from the May 18 intraday peak of $408.61 after aggressive profit-taking. The retreat comes after a blockbuster Q1 that delivered 22% revenue growth to $109.9 billion and Google Cloud revenue surging 63% to $20 billion with a $462 billion backlog. Wall Street has responded with sharp target hikes—Mizuho to $460, BofA to $430, Oppenheimer to $445—while Motley Fool forecasts Alphabet will join the $5 trillion club and possibly the Dow by June. Elevated 2026 capex of $180–190 billion remains the key watchpoint as the stock trades near all-time highs.