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

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

October 27, 2021 9:04 AM EDT

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.

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Alphabet (GOOG) PT Raised to $3,360 at Cowen

October 27, 2021 8:18 AM EDT

Cowen analyst John Blackledge raised the price target on Alphabet (NASDAQ: GOOG) to $3,360.00 (from $3,300.00) while maintaining an Outperform rating.

The analyst commented, "GOOG reported a 3Q21 beat, with topline +2%/+3% vs our/cons est's, amid the backdrop of a robust ad market &... More

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

October 27, 2021 8:07 AM EDT

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

October 27, 2021 8:01 AM EDT

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 $3,500 at Jefferies

October 27, 2021 7:42 AM EDT

Jefferies analyst Brent Thill raised the price target on Alphabet (NASDAQ: GOOGL) to $3,500.00 (from $3,325.00) while maintaining a Buy rating.

The analyst commented, "GOOGL's massive and diverse audience reach, combined with a wide portfolio of ad channels, drove another strong qtr at... More

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

October 27, 2021 7:29 AM EDT

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

October 27, 2021 7:12 AM EDT

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

October 27, 2021 6:21 AM EDT

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 (GOOG) FCF Beats by 17%, Reierated Buy at Morgan Stanley

October 27, 2021 6:10 AM EDT

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $3,000.00 price target on Alphabet (NASDAQ: GOOG) after $53bn of ad revenue came in ~$745mn (1.4%) better than expected. Search grew 44% Y/Y (vs us at 41% Y/Y), adding $11.5bn Y/Y while $7.2bn of... More

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

October 27, 2021 5:38 AM EDT

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

October 27, 2021 5:32 AM EDT

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

Alphabet (GOOG) PT Raised to $3,500 at Oppenheimer After Earnings

October 27, 2021 5:22 AM EDT

Oppenheimer analyst Jason Helfstein raised the price target on Alphabet (NASDAQ: GOOG) to $3,500.00 (from $3,000.00) while maintaining a Outperform rating on a roll-forward to 2023 estimates.

The analyst stated "while IDFA headwinds had minimal impact. EBIT 16% ahead on ~500bps better margins, on extended depreciation and... More

Alphabet (GOOGL) Revenue Surges 41% in Q3, Stock Dips

October 26, 2021 4:31 PM EDT

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported its Q3 results, with EPS coming in at $27.99, beating the consensus estimate of $23.47. Quarterly revenue grew 41% year-over-year to $65.12 billion, which is better than the Street estimate of $63.45... More

Alphabet earns record profit on Google ad surge

October 26, 2021 4:09 PM EDT

By Paresh Dave and Nivedita Balu

(Reuters) -Google owner Alphabet Inc on Tuesday reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users and that online shopping is as popular as ever heading into the holiday season.

Through its search engine, YouTube video service and partnerships across the Web, Google sells more internet ads than any other company. Demand for its services surged in the past year as the pandemic forced people to spend more time online, and their new habits have persisted.

Google advertising revenue rose 41%... More

Alphabet (GOOG) (GOOGL) Tops Q3 EPS by $4.52

October 26, 2021 4:04 PM EDT

Alphabet (NASDAQ: GOOG) reported Q3 EPS of $27.99, $4.52 better than the analyst estimate of $23.47. Revenue for the quarter came in at $65.12 billion versus the consensus estimate of $63.45 billion.


Sundar Pichai, CEO of Alphabet and Google, said: Five years ago, I laid out our... More

Alphabet (GOOG) Looks Like a Crowded Long, Channel Check Takeaways - Jefferies

October 26, 2021 8:03 AM EDT

Jefferies analyst Brent Thill reiterated a Buy rating and $3,325.00 price target on Alphabet (NASDAQ: GOOG) noting that with shares +57% YTD, the company faces high expectations and is viewed as a "crowded long" despite having strong fundamentals and a reasonable valuation. The analyst's checks highlighted 3 key... More