Alphabet(US:GOOG) Financial Modeling Prep·2026-02-12 21:15Core Insights - Alphabet Inc. is focusing on AI and cloud computing to drive growth, with a price target of $348 set by UBS, indicating an 11.98% potential increase from its current price of $310.78 [1][6] Group 1: AI and Strategic Initiatives - Alphabet's Gemini AI has reached 750 million active users, showcasing the company's strategic pivot towards AI and cloud computing [2][6] - The company is investing heavily in AI, with projected capital expenditures of $175-185 billion in 2026, essential for advancing AI capabilities and sustaining monetization [2] Group 2: Cloud Performance - Alphabet's cloud unit has reported a 48% year-over-year revenue growth and a 30.1% operating margin, outperforming competitors and positioning Google Cloud as a strong competitor to AWS [3][6] - The cloud backlog stands at $240 billion, indicating strong demand and future revenue potential [4] Group 3: Financial Metrics and Market Position - Alphabet's current stock price is $310.28, with a market capitalization of approximately $3.75 trillion, maintaining its dominance in the tech industry [5] - The stock has shown slight fluctuations, with a trading volume of 7,970,852 shares today [5]