Yuanta Securities has highlighted GOOG80, an Alphabet’s Depositary Receipt in the Thai stock market issued by KTB, as a top pick for 2026, underlining the company’s strong positioning within the technology and AI-linked sectors. The brokerage sees ongoing robust demand for data centers as a key driver for Google Cloud, projecting continued high growth for the segment this year.
Yuanta expects Google shares to outperform the broader market, fueled by ongoing speculation ahead of earnings releases. The company has beaten market profit expectations for an impressive eight consecutive quarters. Google’s Q4 2025 results, slated for early February, are drawing investor attention.
A significant recent development is Google’s long-term agreement with Apple to integrate its Gemini AI model into Siri’s next generation. This move embeds Google’s AI into Apple’s extensive ecosystem, encompassing around 2 billion devices globally—including iPhones and iPads. As a result, Google stands to significantly boost its AI-generated revenue streams.
According to Bloomberg Consensus, Google’s Q4 2025 revenue is expected to rise by 16% year-on-year, with normalized profit growth of 6% YoY. The company’s search engine business is forecast to maintain a solid 13% YoY growth, while the cloud segment is anticipated to soar by 33% YoY.
Yuanta Securities has set a target price for Google shares at USD 344.19, or THB 5.40 per depositary receipt (DR), reflecting an upside of 3%.
