Report
Ali Mogharabi
EUR 101.80 For Business Accounts Only

Higher Expectations for YouTube Boost Our Alphabet FVE to $1,030

After taking an in-depth look at YouTube, we think this moaty business has been underappreciated by the market and may be a more important contributor to Alphabet's (and Google's) wide economic moat than commonly believed. We are raising our fair value estimate for Alphabet to $1,030 per share from $910, thanks to our more optimistic assumptions around Google’s YouTube. Our wide moat and stable trend ratings for the firm are intact. Although Alphabet shares appear fairly valued today, we continu...
Underlying
Alphabet Inc. Class A

Alphabet is a holding company. Through its subsidiaries, the company is engaged in a collection of businesses, which its primary business is Google. The company reports all non-Google businesses collectively as Other Bets. Google's main products and platforms are Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube. The company also provides advertisers with tools that help them attribute and measure their advertising campaigns. In addition, Other Bets includes Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. Other Bets primarily engages in the sales of internet and TV services through Access as well as licensing and research and development services through Verily.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ali Mogharabi

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