Google's parent company Alphabet is exceeding revenue expectations for Search and YouTube during the second quarter, as YouTube's Shorts feature now reaches 2 billion logged-in users monthly. Brand advertisers are also starting to test ads, which is expected to boost ad revenue for Google further. KeyBanc analyst Justin Patterson raised Alphabet's target price to $145 from $140 and maintained an Overweight rating on the stock. Alphabet is poised to become a competitor in the augmented-reality business, with tools that allow users to virtually try on clothing and other items as an advertising opportunity.