Alphabet earns record profit on Google ad surge

Alphabet (GOOGL) PT Raised to $3,400 at Truist Securities

Truist Securities analyst Youssef Squali raised the price target on Alphabet (NASDAQ: GOOGL) to $3,400.00 (from $3,100.00) while maintaining a Buy rating.

Alphabet (GOOGL) PT Raised to $3,400 at Wells Fargo

Wells Fargo analyst Brian Fitzgerald raised the price target on Alphabet (NASDAQ: GOOGL) to $3,400.00 (from $3,100.00) while maintaining an Overweight rating.

The analyst commented, "Against a shifting industry/macro backdrop that tripped up key competitors, GOOGL's ad business thrived in 3Q, as... More

Alphabet (GOOGL) PT Raised to $3,660 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on Alphabet (NASDAQ: GOOGL) to $3,660.00 (from $3,500.00) while maintaining a Buy rating.

The analyst commented, "Last night, Alphabet reported enviable 3Q:21 results, managing to sidestep the digital ad pitfalls experienced by leading social media... More

Alphabet (GOOGL) PT Raised to $3,090 at KeyBanc

KeyBanc analyst Justin Patterson raised the price target on Alphabet (NASDAQ: GOOGL) to $3,090.00 (from $3,071.00) while maintaining an Overweight rating.

The analyst commented, "We reiterate our Overweight rating on GOOGL and slightly increase our PT to $3,090 (24.5x 2023E GAAP P/E). Given the... More

Alphabet (GOOG) PT Raised to $3,400 at Raymond James

Raymond James analyst Aaron Kessler raised the price target on Alphabet (NASDAQ: GOOG) to $3,400.00 (from $3,200.00) while maintaining an Outperform rating.

The analyst commented, "Alphabet reported 3Q21 results above-consensus with total FX-neutral revenue +39% y/y driven by strong performance across Search (+44% y/y), YouTube... More

Alphabet (GOOGL) PT Raised to $3,350 at Canaccord Genuity

Canaccord Genuity analyst Maria Ripps raised the price target on Alphabet (NASDAQ: GOOGL) to $3,350.00 (from $3,100.00) while maintaining a Buy rating.

The analyst commented, "Google reported strong Q3 results, with ad revenue growth of 43% y/y, ~4% ahead of consensus. Outperformance was broad-based, as Search benefited from continued... More

Alphabet (GOOGL) PT Raised to $3,210 at BofA Securities

BofA Securities analyst Justin Post raised the price target on Alphabet (NASDAQ: GOOGL) to $3,210.00 (from $3,150.00) while maintaining a Buy rating.

The analyst commented, "Net revenues at $53.62bn beat Street at $52.32bn as Search grew +44%, above BofA at +41% and Street at +38%. YouTube... More

Alphabet (GOOGL) PT Raised to $3,200 at BMO Capital

BMO Capital analyst Daniel Salmon raised the price target on Alphabet (NASDAQ: GOOGL) to $3,200.00 (from $3,000.00) while maintaining a Outperform rating.

The analyst commented, "Higher Search revenue & Margins continue to push our estimates and target higher. Despite a high bar of expectations... More

Alphabet (GOOGL) Tops EPS and Revenue Estimates But Shares Dip on YouTube and Cloud Miss, Analysts See Positive Risk/Reward Despite High Expectations

Shares of Alphabet (NASDAQ: GOOGL) are down about 1% in pre-open Wednesday despite the company topping Q3 earnings estimates.

Alphabet reported Q3 EPS of $27.99 to smash the analyst estimate of $23.47. Revenue for the quarter came in at $65.12 billion versus the consensus estimate of $63.45 billion.

Five years ago, I laid out our vision to become an AI-first company. This quarters results show how our investments there are enabling us to build more helpful products for people and our partners. Ongoing improvements to Search, and the new Pixel 6, are great examples. And as the digital... More