01:35 PM EDT, 08/25/2025 (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 lift our 12-month target to $230 from $220, on a higher revised P/E of 20.3x our 2027 EPS view of $11.35, near its three-year historical forward average. We up our target to reflect recent events and our belief that the court remedies from the pending Google ( GOOG ) monopoly search case, expected any day now, will avoid a worst-case scenario (no matter the outcome it will be appealed). A report by The Information cites META has signed a six-year +$10B deal to use GOOG's cloud-computing services for its AI infrastructure. Also, a Bloomberg report says AAPL plans to use Gemini to power an enhanced Siri next year. We believe GOOG's success to sign larger scale deals (e.g., META, OpenAI) adds credibility to its cloud business (lags MSFT/AWS in size) and will help sustain growth in the high-20s/low-30s range through at least 2026. Although it wouldn't be a surprise, we think a more expansive agreement between AAPL and GOOG for AI services helps both parties and further validates GOOG's AI initiatives/spending.