大行評級|瑞銀:上調谷歌目標價至192美元 上調2025及26年每股盈測
瑞銀髮表報吿指出,Alphabet股東從新增資本開支中獲得的部分好處,顯現在搜尋業務收入的顯著增長上,估計Alphabet今年將增加約240億美元的搜尋業務收入,相比2023年的130億美元,及2022年的150億美元,主要受惠於如Performance Max等創新措施所推動。此外,Alphabet於第三季的雲業務收入增長亦顯著提升,該行料全年雲業務收入將增加約100億美元,相對於2022年及2023年均為約70億美元,而目前雲業務增速已超越YouTube的增速。該行認為,上述因素將有助於Alphabet解決有關資本開支及投資回報率的問題,但公司的監管問題及對最重要業務部門市場份額損失前景的憂慮,或將抑制公司增長。該行將Alphabet的2025及2026年每股盈利預測上調約3%,目標價由187美元上調至192美元,維持“中性”評級。
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