GOOGL → $207.00 by Oct 6, 2026.

I’ve been running some reverse DCF numbers on Alphabet ($GOOGL) to see what the current price of \~$367 is actually implying about its future cash flows. I wanted to share my breakdown, look at what the market is pricing in, and get your thoughts on the Capex dilemma. Let’s look at the core trailing/forward metrics based on today's market cap of $4.5T (12.2B shares out): * **P/S:** 10.6x * **OCF Margin:** \~41.3% ($174B OCF on $422B Revenue) * **FCF Margin …