Alphabet's Cloud Becomes Primary Growth Engine, Driving Wedbush Price Target Hike to $360

Alphabet Inc. (GOOGL) received a vote of confidence from Wedbush, which lifted its price target to $360 (up from $350) while maintaining an Outperform rating, driven by the company's successful pivot to the Agentic AI Era.

• The optimism stems from year-end 2025 data confirming Google Cloud as the primary growth engine for the company.
• The Cloud division reportedly holds a massive $155 billion backlog of committed future revenue.
• The company is leveraging its proprietary TPU v6 chips to lead the AI infrastructure market.