Alphabet (GOOGL) Stock: Analyst Increase Price Target as Cloud Business Accelerates
TLDR
- Michael Morris at Guggenheim increases Alphabet price target to $375 from $330
- Google Cloud backlog surges to $155 billion with 46% sequential growth rate
- Analyst projects Wall Street underestimates Cloud revenue by about $40 billion
- YouTube and Gemini AI platform show strong momentum in monetization and adoption
- Stock has gained 68% in 2025 and added 13% in the past 30 days
Alphabet scored a major price target boost from Guggenheim. Michael Morris lifted his target to $375 while reaffirming his Buy rating on the stock.
The upgrade follows impressive Google Cloud performance. The unit ended Q3 with a $155 billion backlog, representing 46% growth from the prior quarter.
Morris sees opportunity…
