According to 24/7 Wall St., Alphabet (GOOG) has a 12-month price target of $434.49, 26.43% above the $343.65 share price, and the article rates the stock a buy with 70% confidence. The main reasons cited are Google Cloud growth accelerating to 82% and total revenue rising 24.2%, even though shares fell 6.89% on earnings day. Q2 EPS of $9.11 beat a $3.0427 estimate, but the article notes that a $99.03 billion gain on equity securities inflated that figure. Risks include capex of $44.92B that pushed quarterly free cash flow to -$5.86B, long-term debt rising to $98.2B from $46.5B, suspended buybacks, and a stock sale program of up to $40B that could dilute shareholders. The article also cites the $3.5B European Commission fine as a sign of ongoing regulatory risk.
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