Alphabet stock trades at EUR 303.33 as Cloud growth reaches 82 percent
Published on 09/30/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alphabet stock (ISIN US02079K3059) was trading at EUR 303.33 at Lang & Schwarz on September 30, 2026 at 11:46 a.m. CEST, up 0.85 percent versus the prior close of EUR 300.78. The company enters the next phase of its AI investment cycle with Google Cloud revenue up 82 percent in Q2 2026.
Cloud growth reaches 82 percent
According to Fortune, Alphabet reported Q2 2026 consolidated revenue of USD 119.8 billion, an increase of 24 percent from the same quarter a year earlier. Google Cloud revenue reached USD 24.8 billion, while Cloud operating income rose to USD 8.8 billion and the operating margin expanded to 35.6 percent from 20.7 percent.
The scale of demand is visible in the backlog. Google Cloud backlog reached USD 514 billion in Q2 2026, up more than USD 50 billion sequentially, according to the same earnings transcript. The figures make Cloud the clearest operating lever in Alphabet's AI strategy, but the investment burden is also rising.
Piper Sandler raises target to USD 400
MarketBeat reported on September 28, 2026, that Piper Sandler raised its Alphabet price target to USD 400 from USD 395 and maintained an Overweight rating. The revised target stands 16.31 percent above the prior close cited by the report, while the brokerage also lifted its 2027 revenue estimate by 2 percent and its operating income estimate by 8 percent.
The counterweight is capital intensity. Alphabet's Q2 2026 capital expenditure reached USD 44.9 billion, and the company raised its full-year 2026 CapEx guidance to USD 195 billion-USD 205 billion from USD 180 billion-USD 190 billion, according to the Alphabet investor relations page.
European regulation adds risk
Alphabet's AI expansion is unfolding alongside regulatory pressure. finanzen.at reported on September 29, 2026, that Google's parent is challenging EU requirements to open Android and Google search data to competing AI services. For investors, the central tension is measurable Cloud growth against heavier infrastructure spending and regulatory constraints.
Alphabet stock holds above EUR 300
Alphabet stock was trading at EUR 303.33 at Lang & Schwarz on September 30, 2026 at 11:46 a.m. CEST, plus 0.85 percent versus the Lang & Schwarz prior close of EUR 300.78. Alphabet's primary listing is NASDAQ in the United States, where the finance quote showed USD 340.92 on September 29, 2026 at 4:00 p.m. ET.
Alphabet stock facts
- Company: Alphabet Inc.
- ISIN: US02079K3059
- WKN: A14Y6F
- Ticker: GOOGL
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of September 30, 2026, 11:46 a.m. CEST): EUR 303.33
- Change versus prior close: plus 0.85 percent
- Prior close Lang & Schwarz (September 29, 2026): EUR 300.78
- Market capitalization: USD 4.1 trillion (as of September 29, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
