[Morgan Stanley Raises Alphabet Target Price to $415, Optimistic About Google Cloud Growth]
According to Trend Research, Morgan Stanley raised Alphabet's target price from $375 to $415 on June 29, maintaining an overweight rating. Morgan Stanley predicts Google Cloud's revenue will reach $308 billion by 2028, including $229 billion from core cloud services, $79 billion from TPU external sales, and Cloud EBIT will reach $132 billion. Morgan Stanley increased its 2027 capital expenditure forecast from $300 billion to $350 billion. The current stock price of $353.65 corresponds to 18 times the 2028 EPS.