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Big Bank Ratings | UBS: Raised Google's target price to $192 and raised its 2025 and 26 earnings per share forecast

港股那点事11-01

Gelonghui, November 1 | UBS issued a report stating that part of the benefits Alphabet shareholders have gained from new capital expenditures are reflected in the significant growth of search business revenue. It is estimated that Alphabet will increase its search business revenue by approximately US $24 billion this year. Compared with US $13 billion in 2023 and US $15 billion in 2022, it is mainly driven by innovative measures such as Performance Max. In addition, Alphabet's cloud business revenue growth also increased significantly in the third quarter. The bank expects cloud business revenue to increase by approximately US $10 billion for the whole year,...

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