- Alphabet shares rose over 9% in the past five days, reaching a new all-time high amid a tech market rebound and AI advancements.
- Shares have gained more than 70% in 2025, putting Alphabet close to a $4 trillion market capitalization.
- Growth in Alphabet‘s cloud business is driven largely by AI-related revenue, with a reported cloud backlog increase of 46% quarter-over-quarter.
- The launch of the Gemini 3 AI model and Berkshire Hathaway’s $4.3 billion investment signal strong institutional confidence in the company.
- Major Wall Street firms maintain Buy ratings on Alphabet, with price targets ranging from $325 to $335, and speculation of potential hikes to $350 in Q4 2025.
Alphabet shares have climbed sharply this week, gaining 9.2% over the last five days after briefly correcting just over 1% on Wednesday. The stock hit a new all-time high on Tuesday and continues to perform strongly in Q4 2025. This upward movement coincides with a rebound in the broader tech stock market and the successful launch of the Gemini 3 AI model.
In 2025 so far, Alphabet shares have surged more than 70%, marking the best year since 2009. The company is nearing a $4 trillion market cap, approaching valuations of peers like Microsoft, Apple, and NVIDIA. According to Alphabet CEO Sundar Pichai in the company’s Q3 earnings release, Artificial Intelligence is now “driving real business results across the company.”
Alphabet‘s cloud division is a key growth area, propelled by AI-related revenue. During the Q3 earnings call, Pichai stated that “Cloud had another great quarter of accelerating growth with AI revenue as a key driver.” Additionally, the cloud backlog increased 46% quarter-over-quarter, reaching $155 billion. The success of Gemini 3 and a $4.3 billion investment by Berkshire Hathaway highlight growing institutional trust in Alphabet.
Wall Street analysts continue to express confidence in the stock. Justin Post of Bank of America Securities reiterated a Buy rating last Friday with a $335 price target, while Mark Mahaney from Evercore ISI also maintained a Buy rating on November 19 with a $325 target. With shares currently trading around $321, some analysts expect upcoming price target increases, possibly reaching $350 by Q4 2025.
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