In this article, we will list the 5 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. Please visit 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats if you would like to see the extended list and the methodology behind it.
5. Phillips 66 (NYSE:PSX)
On April 30, 2026, Morgan Stanley raised its price target on Phillips 66 (NYSE:PSX) to $180 from $174 and maintained an Overweight rating following the company’s Q1 results. The firm noted Q1 adjusted EPS of 49c exceeded the (39c) consensus, driven by stronger Refining margins and improved performance in Chemicals and Renewable Fuels, partly offset by weaker results in Marketing & Specialties and Midstream.
On April 29, 2026, Phillips 66 (NYSE:PSX) reported Q1 adjusted EPS of 49c versus (39c) consensus. CEO Mark Lashier said the company remains confident in navigating market volatility, citing its integrated business model, balance sheet strength, and “disciplined execution.”
Prior to the earnings release, Morgan Stanley upgraded Phillips 66 to Overweight from Equal Weight and raised its price target to $174 from $147, pointing to upside in the Chemicals segment and relative valuation. The firm described Chemicals as a “key differentiator” and expects disruptions tied to the Iran conflict to keep polyethylene prices elevated in 2026 before easing in 2027.
Phillips 66 (NYSE:PSX) operates as an integrated downstream energy provider across the United States, the United Kingdom, Germany, and international markets.
4. The Allstate Corporation (NYSE:ALL)
On May 1, 2026, Piper Sandler raised its price target on The Allstate Corporation (NYSE:ALL) to $268 from $252 and maintained an Overweight rating after a Q1 earnings beat. The firm said results exceeded both its estimates and consensus, driven by better-than-expected favorable development, while noting top-line growth came in lighter than expected. Piper Sandler added that total company year-over-year policies in force growth slowed from the prior quarter, though auto PIF growth accelerated.
Citi has also increased its price target on The Allstate Corporation (NYSE:ALL) to $226 from $221 previously, while maintaining a Neutral rating on the shares.
On April 29, 2026, The Allstate Corporation (NYSE:ALL) reported Q1 adjusted EPS of $10.65 versus $7.24 consensus and revenue of $16.9B compared to two estimates of $17.29B. Tom Wilson said results reflect “strong earnings” and growth, with policies in force reaching 212 million and expansion across auto, homeowners, and Protection Plans. The company also reported improved combined ratios across personal lines and a 9.8% increase in investment income.
The Allstate Corporation (NYSE:ALL) provides property and casualty and other insurance products in the United States and Canada.
3. CBRE Group, Inc. (NYSE:CBRE)
On April 24, 2026, Evercore ISI raised its price target on CBRE Group, Inc. (NYSE:CBRE) to $179 from $163 previously and maintained an Outperform rating on the shares. Meanwhile, Keefe Bruyette analyst Jade Rahmani also increased the price target to $175 from $170 previously while keeping an Outperform rating on the shares.
On April 23, 2026, CBRE Group, Inc. (NYSE:CBRE) reported Q1 core EPS of $1.61 versus $1.13 consensus and revenue of $10.5B compared to $10.23B expected. CEO Bob Sulentic said the company delivered “strong financial results” alongside strategic progress, with its three service segments growing revenue by 20% and operating profit by nearly 30%. Bob Sulentic added that infrastructure-related work, including services tied to data centers, power, telecom, and transportation assets, has become a significant source of growth and profitability across the business.
CBRE Group, Inc. (NYSE:CBRE) raised its FY26 core EPS outlook to $7.60-$7.80 from $7.30-$7.60, compared to a $7.52 consensus.
CBRE Group, Inc. (NYSE:CBRE) provides commercial real estate services and investment solutions in the United States, the United Kingdom, and internationally.
2. Mobileye Global Inc. (NASDAQ:MBLY)
On April 24, 2026, Raymond James lowered its price target on Mobileye Global Inc. (NASDAQ:MBLY) to $14 from $16 while maintaining an Outperform rating. The firm said the Q1 beat and higher 2026 outlook suggest upside to full-year estimates despite it being a transition year, though it cited macro uncertainty for the lower target. TD Cowen raised its price target to $10 from $8.50 and kept a Buy rating, noting the beat and guidance increase likely exceeded expectations, with stronger first-half trends offset by more cautious second-half assumptions tied to macro and geopolitical factors.
On April 23, 2026, Mobileye Global Inc. (NASDAQ:MBLY) reported Q1 adjusted EPS of 12c versus 9c consensus and revenue of $558M compared to $519.54M expected. CEO Amnon Shashua said results reflect a “stronger than expected start” to 2026 and noted higher demand supported a modest increase to the full-year outlook. The company also announced a design win with Mahindra and progress across its robotaxi and advanced driver programs.
Mobileye expects FY26 revenue of $1.935B to $2.015B, compared to the $1.95B consensus, and raised its adjusted operating income outlook, citing higher EyeQ unit shipments and operating leverage.
Mobileye Global Inc. (NASDAQ:MBLY) develops advanced driver assistance and autonomous driving technologies across global markets.
1. Alphabet Inc. (NASDAQ:GOOGL)
On April 30, 2026, Roth Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $435 from $395 and maintained a Buy rating after the company reported a Q1 beat. The firm cited “strong” results with momentum across Search, Cloud, and Subscriptions, driven by AI adoption, and said estimates are likely to “grind higher.”
RBC Capital also lifted its price target on Alphabet Inc. (NASDAQ:GOOGL) to $425 from $400 while keeping an Outperform rating, calling the quarter “rock solid.” The firm pointed to 19% Search growth and 63% growth in Google Cloud, with backlog nearly doubling sequentially to $460B.
On April 29, 2026, Alphabet Inc. (NASDAQ:GOOGL) reported Q1 EPS of $5.11 versus $2.67 consensus and revenue of $109.9B compared to $107.03B expected. CEO Sundar Pichai said results reflect a “terrific start,” with AI driving usage and growth, including “19% revenue growth” in Search and “63%” growth in Cloud. Paid subscriptions reached 350 million, while Gemini Enterprise users grew 40% quarter over quarter.
On April 27,2026, Alphabet Inc. (NASDAQ:GOOGL) declared a quarterly dividend of 22c per share, up from 21c, payable June 15 to shareholders of record on June 8.
Alphabet Inc. (NASDAQ:GOOGL) operates Google Services, Google Cloud, and Other Bets, offering products and platforms across global markets.
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Beginner Stocks to Buy Right Now and 10 Fastest-Growing Financial Stocks to Invest In
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
