"He now sees Google Search growing at a compound annual growth rate of 10.2% over the next five years, versus 9.6% prior. The analyst attributed this higher Google search usage and query growth to the AI mode adoption. He also raised his Gemini monthly average users estimates to 850 million at the year end of 2025, up from prior estimates of 600 million. By 2030, the Gemini app could reach nearly three billion monthly average users."
""We are raising GOOG Search estimates on our positive U.S. survey data which indicates i) ramping Gemini chatbot usage following the launch of Gemini 3, ii) continued increases in Search engagement driven by AI Mode and AI Overviews usage, and iii) an increasing share of ChatGPT users that are also using Gemini," the analyst wrote."
""Google is the best-positioned mobile advertising company, in our view, due to its leading mobile advertising revenue position, robust capabilities, and traffic advantage relative to its peers," he added. "GOOG's advertising offering, combined with its competitive cloud franchise, and AI tech-focused DNA, results in a digital powerhouse and yields a forecast of double-digit annual top-line growth and similar double-digit annual EBITDA growth over time.""
TD Cowen reiterated a buy rating on Alphabet and raised its price target to $350 from $335, implying roughly 12% upside from the recent close. Alphabet shares have surged 65% year-to-date. Google Search is projected to grow at a 10.2% compound annual rate over the next five years, up from 9.6%, driven by AI Mode and AI Overviews usage. Gemini monthly average users are forecast at 850 million by end-2025 (previously 600 million) and could approach nearly three billion monthly users by 2030. Strong mobile advertising positioning, cloud capabilities, and AI investments support forecasts of double-digit revenue and EBITDA growth.
Read at www.cnbc.com
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