Alphabet stock trades at EUR 302.15 as AI spending rises
Published on 09/29/2026 at 14:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet (ISIN US02079K3059) was trading at EUR 302.15 at Lang & Schwarz on September 29, 2026 at 2:30 p.m. CEST, up 0.35 percent versus the prior close of EUR 301.10. The immediate stock catalyst is Piper Sandler's September 28 price-target increase to USD 400 from USD 395 while maintaining an Overweight rating.
AI spending moves higher
Investing.com reports that Piper Sandler also raised its 2027 revenue estimate by 2.00 percent and its operating-income estimate by 8.00 percent, citing demand for Alphabet's tensor processing units. The firm expects TPU sales to exceed USD 100 billion by 2028.
The target increase follows a capital-intensive Q2. Alphabet raised its full-year 2026 capital-expenditure guidance to USD 195 billion to USD 205 billion from USD 180 billion to USD 190 billion, reflecting faster infrastructure deployment.
Cloud growth sets the test
Alphabet's Q2 2026 revenue reached USD 119.8 billion, up 24.00 percent year over year, while Google Cloud revenue rose 82.00 percent to USD 24.8 billion. Longbridge reported that Cloud backlog reached USD 514 billion in the quarter and that Cloud operating income increased to USD 8.8 billion.
The operating trade-off is visible in cash generation. Q2 operating cash flow was USD 39.1 billion, but free cash flow was negative USD 5.9 billion because capital spending was directed toward AI infrastructure. Alphabet Investor Relations lists the Q2 2026 results release dated July 22, 2026.
Alphabet stock holds its level
On Nasdaq, GOOGL was last at USD 342.75 on September 28, 2026 at 4:00 p.m. ET. The same primary-exchange quote showed a 52-week range of USD 235.84 to USD 408.61 and a market capitalization of USD 4.1 trillion, leaving the valuation discussion tied to both strong growth and heavy investment.
Alphabet stock data
- Company: Alphabet Inc.
- ISIN: US02079K3059
- Ticker: GOOGL
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of September 29, 2026, 2:30 p.m. CEST): EUR 302.15
- Change versus prior close: plus 0.35 percent
- Prior close Lang & Schwarz (September 28, 2026): EUR 301.10
- Market capitalization: USD 4.1 trillion (as of September 28, 2026)
- 52-week range: USD 235.84-408.61 (as of September 28, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Index membership: Nasdaq 100
