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Google Cloud Backlog Surges Past $514 Billion as Alphabet C Stock Gains

Guavy AI Editorial Team
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GOOGL
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Alphabet C stock (ISIN US02079K1079) has seen gains as Google Cloud's backlog reached an impressive $514 billion. This significant milestone, reported on September 12, 2026, reflects a substantial revenue growth of 82% in the latest quarter.

The growing importance of Google Cloud is reshaping the growth story for Alphabet. The multi-year contracts stacking up faster than traditional search advertising demonstrate how cloud services and AI-driven workloads are scaling more quickly.

Analysts remain bullish on Alphabet C stock, with a consensus price target of $415.55 as of September 12, 2026, implying around 23.9% upside from the closing price of $335.45 on Nasdaq on September 11, 2026.

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