Alphabet’s Google stock (NASDAQ: GOOG) opened Tuesday’s bell at $379 after the market remained closed on Monday for Memorial Day. GOOG is among the top-performing Magnificent 7 stocks in 2026 as it surged more than 20% year-to-date. Traders who took an entry position in Q1 during its downturn made profits in Q2 as it experienced an uptick.

While Google stock is struggling to climb above the $400 level in May after touching a high of $408 this month, 24/7 Wall St’s independent equity research team predicted that GOOG is on a path to the $600 milestone. However, the price prediction is not for the short-term in 2026 or 2027, but goes beyond that, citing Alphabet’s $462 billion Cloud backlog. The base of the price prediction revolves around the Cloud enterprise that can make or break GOOG.

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Google Stock Has a Better Chance of Crossing the $600 Price Target After 2028

According to calculations highlighted by 24/7 Wall St., the path to $600 will depend on how fast Alphabet will convert its $462 billion Cloud backlog into a sizeable revenue. However, they emphasized that the conversion is least likely to take place in the next 12 to 18 months as the pathway has only begun, and the deliverables might take further time. The development could push Google stock into a hibernation mode, as only recognized revenue can push it above $600.

The price prediction is for a multi-year run, as Alphabet expects to realize the revenue by 2030. The income stream could also rise by a year or two if the deliverables are delayed. It is a common occurrence in the technological sector due to various constraints. Considering that the AI technology is still new and yet to go mainstream, the chance of postponement remains high. This could keep Google stock caged as the revenue stream from the next-gen tech might be delayed.