November 5, 2025 01:28 AM GMT Alphabet Inc. | North America Why Google Cloud Could Grow 50%+ in '26 New/updated Google Cloud Backlog model outlines path to 50%+ Google Cloud revenue growth in '26, which would be mid single digit+ % upside to us and 15%+ upside to Street. We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT. We Introduce a New Cloud Backlog Model...We introduce a new/updated Cloud backlog model breaking down Google Cloud ...