UBS released a research report expecting that Google's search business revenue will hike by about US$25 billion this year, which is higher than the level in 2023, 2022 and pre-COVID-19, based on Alphabet (GOOGL.US) 's 1H24 results.
In addition, UBS also raised its FY2025-FY2026 EPS forecasts for Alphabet by about 2%, and correspondingly lifted its target price from US$200 to US$204, with rating kept at Neutral.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
