Alphabet C stock gains as Google Cloud backlog reaches $514 billion
Published on 09/13/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet Inc. Class C stock (ISIN US02079K1079) is trading around USD 338.50 as of September 12, 2026, after the company highlighted that Google Cloud’s backlog has climbed to USD 514 billion alongside 82 percent revenue growth in the most recent reported quarter, underscoring the segment’s growing importance next to the core search business.
Cloud backlog surge reshapes growth story
According to The Motley Fool on September 13, 2026, Alphabet’s Google Cloud unit reported that its backlog reached USD 514 billion after recording 82 percent revenue growth in the latest quarter, illustrating how multi year contracts are stacking up faster than traditional search advertising.
That combination of a USD 514 billion backlog and 82 percent quarter over quarter revenue growth for Google Cloud, as highlighted by The Motley Fool, points to a business mix that is becoming more diversified as cloud services and AI driven workloads scale more quickly than legacy desktop search advertising.
Analysts see further upside for Alphabet C stock
Analyst sentiment remains broadly constructive for Alphabet C stock, with data compiled by MarketBeat showing a consensus price target of USD 415.55 as of September 12, 2026, which implies about 23.9 percent upside from a closing price of USD 335.45 on Nasdaq on September 11, 2026.
According to the same overview from MarketBeat, Alphabet has an average analyst rating score of 3.05 on a 0 to 4 scale, based on six strong buy ratings, thirty buy ratings and four hold ratings, with individual 12 month price targets ranging from USD 275.00 to USD 515.00.
In parallel, a recent compilation of broker views on Alphabet C stock published by Quiver Quantitative lists price targets such as USD 475.00 from TD Cowen on June 9, 2026, USD 445.00 from Oppenheimer on May 15, 2026, USD 450.00 from Scotiabank on April 30, 2026 and USD 460.00 from JP Morgan on April 30, 2026, with a median target of USD 455.00 over the last six months.
Earnings power and valuation backdrop
The valuation backdrop for Alphabet C stock also reflects solid earnings power, with trailing twelve month earnings per share of USD 19.91 and a price to earnings ratio of 16.85 as of September 12, 2026, based on data from MarketBeat.
The same source from MarketBeat puts Alphabet’s market capitalization at approximately USD 4.10 trillion as of the close on September 11, 2026, with a modest dividend yield of 0.26 percent, signaling that most of the company’s value still stems from growth expectations rather than income.
For investors, the combination of a USD 4.10 trillion market capitalization and a consensus price target of USD 415.55 implies that the market currently prices Alphabet as a mature mega cap while analysts still expect nearly 24 percent upside, a gap that hinges largely on whether cloud and AI revenue growth can stay near recent levels.
Risks around antitrust and competition
Alongside the upbeat numbers, brokers and commentators continue to flag regulatory and competitive risks for Alphabet C stock, with the overview by Quiver Quantitative explicitly framing recent price targets in the context of ongoing antitrust scrutiny.
According to Quiver Quantitative, analysts such as TD Cowen, Oppenheimer, Scotiabank and JP Morgan still project targets between USD 445.00 and USD 475.00 even as they discuss risks from antitrust rulings, indicating that regulatory headwinds are being weighed but not seen as a near term thesis breaker.
Alphabet C stock price and trading context
On the market side, Alphabet C stock closed at USD 335.45 on Nasdaq on September 11, 2026, up USD 5.06 or 1.53 percent for that session, with post market trading around USD 335.38 as of 8:00 p.m. Eastern on the same date, according to data cited by MarketBeat.
Other real time and forecast oriented portals reflect a similar price area, with Longforecast noting that Alphabet stock closed at USD 338.50 on the previous trading day and projecting an average closing level of USD 330.00 for September 2026, which would represent about a 2.7 percent decline from that starting point, while Coinbase quotes an intraday range between roughly USD 332.73 and USD 339.95 as of early trading on September 13, 2026.
Alphabet C stock key data
- Company: Alphabet Inc. Class C
- ISIN: US02079K1079
- Ticker: GOOG
- Trading venue: Nasdaq
- Price (as of September 11, 2026, 04:00 PM): 335.45 USD
- Market capitalization: 4.10 trillion USD (as of September 11, 2026)
- Sector / Industry: Communication Services / Interactive Media and Services
- Index membership: S&P 500
