10:40 AM EDT, 07/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $220 from $210, on P/E of 19.4x our 2027 EPS estimate. After posting better-than-expected Q2 results, we increase our 2025 EPS view to $9.99 from $9.71, 2026 to $10.46 from $10.20, and 2027 to $11.35 from $10.93. We come away from GOOG's Q2 results more optimistic about sustained growth from Search (7%-9% through 2027) despite concerns about the competitive landscape while we also nudge our YouTube ( GOOG ) outlook as usage rates/monetization trending ahead of our view. Cloud remains the standout to us, with greater momentum from AI Agents/reasoning models providing another step up in segment growth (monthly tokens processed exceeded 980T, more than doubling in three months). In addition, we think Gemini (450M MAUs; engagement up 50% from Q1) remains one of the most underappreciated by investors and potentially the most superior AI platform while its best in class infrastructure remains a competitive advantage. We await court remedies from the Search monopoly case, expected in Q3.