Alphabet’s cloud business just posted growth numbers that look more like a startup than a mega-cap, yet the stock still trades at a forward multiple that suggests the market hasn’t noticed. Here’s what the bears are missing.
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Alphabet (NASDAQ:GOOG | GOOG Price Prediction) has quietly become one of the most compelling AI plays in mega-cap tech, and the market appears to be pricing it as though Search were decelerating, even as growth accelerates.
Our 24/7 Wall St. price target for Alphabet is $435.40, which implies 26.98% upside from the current price of $342.88. We rate GOOG a buy with a 90%…
