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Google's AI business drives 24% revenue growth; rated Accumulate with $516 target and $296 stop.

Analyst Insights
21 Sep 2026
Seeking Alpha
View Source
Bullish
Google's AI business drives 24% revenue growth; rated Accumulate with $516 target and $296 stop.

Google is positioned as a comprehensive AI provider across hardware, software, cloud, and telecom sectors. Its backlog has increased tenfold in three years and now approaches four times its trailing twelve months revenue, supporting a 24% year-over-year revenue growth this quarter. Despite being fundamentally expensive, strong enterprise AI demand and positive technical indicators underpin a constructive investment outlook. The stock is rated Accumulate with a price target of $516 and a stop loss at $296, offering a favorable risk/reward ratio of 2.8:1.

Google's stock price on Pluang is currently USD 351.99, up 2.20% in the last day, showing positive momentum in line with strong enterprise AI demand. The market cap stands at $4.25 trillion, reflecting its significant presence in the media sector. These figures are as of Sep 21, 2026, 23:41 WIB.

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