The analyst updates Alphabet's intrinsic value per share to $255.08, based on a discounted cash flow valuation model. The current market price is $244.23. After considering margin of safety the stock is fairly valued and he still likes it. The long-term growth rate is estimated at 5%. The update accounts for recent decreases in US interest rates and positive GDP numbers. He talks about the ROIC/WACC which calculates a rate over 3%. He reads from what Alphabet said that the the search revenue also delivered double-digit growth.