Ge Long Hui·2025-09-04 05:45Core Viewpoint - A federal judge ruled that Google can retain its Chrome browser but must terminate exclusive search engine contracts for devices, while the company's AI continues to progress strongly, supported by a robust ecosystem of Android, YouTube, Chrome, and cloud services, which creates a competitive moat for its advertising business despite competition from chatbots [1] Group 1: Company Performance - Alphabet's valuation is the lowest among major US tech stocks, and the stability and strength of its advertising and cloud business make the risk-reward profile attractive [1] - The company has exceeded earnings expectations in recent quarters, indicating strong operational performance [1] Group 2: Future Projections - The firm expects a compound annual growth rate (CAGR) of 12% for revenue and 13% for operating profit from fiscal years 2024 to 2027 [1] Group 3: Target Price and Rating - Based on discounted cash flow analysis, the target price for Alphabet has been raised from $225 to $270, with a rating of "Buy," positioning it alongside industry favorites like Meta, DoorDash, and Netflix [1]