Alphabet Stock Could Double Investor Returns by 2030: Report

Alphabet's (NASDAQ:GOOGL) stock price has been a subject of interest for investors, and a recent report suggests that a $10,000 investment in the company today could grow to around $35,778 by 2030. This projection is based on an 82% growth in Cloud revenue and a massive enterprise backlog.

The company's second-quarter revenue reached $119.80 billion, up 24.2% year-over-year, with Cloud revenue rising 82%. However, the stock trades below its 52-week high of $408.1, and investors are still working through Alphabet's 2026 capex guidance of $175 billion to $185 billion.

Bulls point to a trailing P/E of 17 and a PEG ratio of 1.255 for a company growing this fast. Google Cloud has a backlog of over $460 billion, and nearly 90% of Fortune 100 companies now use Gemini Enterprise. Search, the core business, still grew 17%, while Waymo is delivering over 500,000 fully autonomous rides per week.

However, bears argue that Alphabet's AI buildout is hurting shareholder returns. The company's second-quarter free cash flow turned negative at -$5.86 billion, and the buyback was suspended. Long-term debt rose from $46.5 billion to $98.2 billion.