On July 26, Guolonghui | UBS published research reports stating that based on Alphabet's performance in the first half of this year, it is expected that Google's search business revenue will increase by about $25 billion this year, higher than the levels of 2023, 2022, and pre-pandemic. The bank believes that the company's shareholders will benefit from the innovation-driven monetization progress in Google's most important franchise, and believes that the potential revenue brought by Google's cloud platform AI productization will not appear until the first half of next year at the earliest. In addition, UBS also raised Alphabet's earnings per share forecast for the fiscal years 2025 and 2026 by about 2%, and correspondingly raised its target price from $200 to $204, maintaining a "neutral" rating.
大行评级｜瑞银：上调Alphabet目标价至204美元 上调2025及26财年每股盈测
Major bank rating ｜ UBS Group: Raised Alphabet's target price to $204, and raised earnings per share estimates for fiscal year 2025 and 26.
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