Alphabet(US:GOOGL) 智通财经网·2025-06-03 07:15Core Viewpoint - Alphabet's stock has declined by 9% year-to-date, but Goldman Sachs maintains that the company remains a dominant player in the search engine market and has strong AI capabilities that are expected to drive revenue growth [1][3]. Group 1: Financial Performance and Projections - Goldman Sachs projects that Alphabet's "Search and Other" revenue will surge from $198 billion in 2024 to $318 billion by 2030, with search engine business remaining the core revenue driver [2]. - The stock analysis team led by Eric Sheridan has set a 12-month price target of $220 for Alphabet, compared to its current price of $169.03 [1][3]. Group 2: AI Integration and Business Strategy - Alphabet's advanced AI technology is increasingly integrated with its core businesses, including search, digital advertising, and cloud computing, which is expected to enhance monetization speed [1][2]. - The company is leveraging first-party data and a global data center network to support AI integration across platforms like YouTube, Google Cloud, Maps, and Workspace, driving unexpected revenue growth [2]. Group 3: Market Sentiment and Analyst Ratings - Despite concerns over AI monetization speed and regulatory pressures, Goldman Sachs believes that negative market sentiment has been overestimated, and Alphabet's stock presents an attractive risk/reward profile [2][3]. - Wall Street analysts have a consensus "Strong Buy" rating for Alphabet, with 28 "Buy" and 9 "Hold" ratings in the past three months, indicating a potential upside of approximately 15.95% based on an average target price of $199.14 [4].