Alphabet Eyes 20% Upside as Cloud Backlog Surges

Alphabet Eyes 20% Upside as Cloud Backlog Surges

The post Alphabet Eyes 20% Upside as Cloud Backlog Surges appeared first on 24/7 Wall St.. Quick Read Alphabet (GOOG) posted Q1 2026 EPS of $5.11, crushing the $2.63 consensus by 94.1%, with Cloud revenue surging 63% to $20.028B and backlog doubling to over $460 billion, while Gemini API usage climbed 60% to 16 billion tokens per minute and Gemini Enterprise paid MAUs grew 40% quarter-over-quarter. Alphabet’s $460B cloud backlog provides mult…

Analysts revise Google stock price target

Citizens analyst Andrew Boone raised the firm’s Alphabet (NASDAQ: GOOGL) price target from $385 to $515 on Monday, May 4, keeping an ‘Outperform’ rating.  The new price target, currently Wall Street’s highest, comes following Google’s positive quarterly report, which sent the shares flying nearly 12% on the weekly chart. Indeed, the technology company reported revenue of $109.9 billion, up 22% year-over-year, with Google Cloud revenue alone jump…

Larry Page’s worth over $300 billion for first time amid Alphabet earnings rally

Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Alphabet reported a surge in its cloud revenue through its latest quarter.Corbis via Getty Images Key Takeaways Forbes’ Real-Time Billionaires List estimates Page’s net worth at $300.9 billion as of Thursday morning, an increase of $14.9 billion on t…