Seeking Alpha
12 Oct 2026, 21:43 UTC · 1h ago
Alphabet's Gemini Success: Fueling Growth And Investor Returns
Impact · against what's priced in
The reported cloud growth and AI efficiency are highly positive but primarily validate growth trajectories the market had previously discounted or viewed as uncertain. The massive cloud revenue acceleration specifically addresses the gap between the current price and bullish analyst targets.
- GOOGL+0.60
Challenges what's priced in
- The price assumes
Cloud growth sustaining at or above 40%
The market currently refuses to pay for cloud growth above 40%, yet GCP has surged to 82% YoY growth supported by a $514 billion backlog, directly validating the bullish growth case the price previously declined.
What GOOGL's price assumes · Sep 2
