Vandita Jadeja
5 min read
Quick Read
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GOOG trades at just 14x trailing earnings despite Google Cloud growing 82% last quarter, with a $434 price target implying roughly 30% upside.
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MSFT trades at 28x P/E and META at 21x, yet GOOG grows Cloud nearly twice as fast as Azure at just 14x earnings.
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Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Google didn’t make the cut. Enter your email to see the names that beat GOOG. The report is free. Enter your email and see if any of your stocks made the cut.
Alphabet (NASDAQ:GOOG) may be the most overlooked story in the Magnificent 7. Google Cloud grew 82% last quarter, Gemini App just hit 950 million monthly active users, and yet GOOG trades at a trailing P/E of just 14x.
Our 24/7 Wall St. price target for Alphabet is $434.01, implying 29.58% upside from today’s $334.86. The 24/7 Wall St. model rates GOOG a buy with 90% confidence.
24/7 Wall St. Price Target Summary
A Rough Month Masking a Blockbuster Year
GOOG is down 3.29% over the past week and 6.9% over the past month as investors digest capex sticker shock. Zoom out and the picture flips: Alphabet is up 55.94% over the past year and 5.95% year to date.
Q2 2026 delivered $119.8 billion in revenue, up 24% year over year, the 12th consecutive quarter of double-digit growth. Google Cloud revenue hit $24.8 billion with cloud backlog swelling to $514 billion.
Adding fuel to the narrative, Barron’s reported this week that Fervo Energy will supply geothermal power to Google, another signal that Alphabet is locking down long-dated AI power infrastructure.
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Why Bulls See a Breakout Past $450
The bull thesis writes itself. Google Cloud operating margin expanded to 35.6% from 20.7% a year ago, with operating income more than tripling. Nearly 90% of Fortune 100 companies now use Gemini Enterprise. Alphabet’s model APIs process 22 billion tokens per minute.
AI Mode surpassed 1 billion monthly active users since global expansion. If Cloud sustains anything close to 82% growth into 2027, the bull case scenario of $450.76 looks conservative. Analysts remain overwhelmingly positive with 13 strong buys and 44 buys against zero sells.
