Alphabet(US:GOOGL) 智通财经网·2025-07-17 07:05Group 1 - Needham raised its earnings forecast and target price for Google (GOOGL.US) from $178 to $210, citing the company's strategic position and corporate culture as key drivers for valuation growth [1] - The analysis highlighted that Google's corporate culture is a significant value growth factor, and the company has the largest general artificial intelligence team, with only two members potentially leaving for Meta (META.US) [1] - Needham emphasized that Google's strong technology culture saves costs for public shareholders and helps retain top tech talent [1] Group 2 - Google is considered "second to none" in terms of talent and assets ahead of the next major technological wave, having benefited from its search engine, Android system, and Google Cloud in previous tech eras [2] - Needham believes that if Google were to be forced to split, the value of the separated entities would exceed that of the whole, potentially increasing stock prices for public shareholders [2] - For 2025, Needham projects total revenue of $387.2 billion (up 11% year-over-year), OIBDA of $173 billion (up 15%), and EPS of $9.64 (up 20%) [2] - For 2026, total revenue is expected to reach $429.1 billion (up 11%), OIBDA of $195.4 billion (up 13%), and EPS of $10.28 (up 7%) [2]