Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
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Loop Capital Reiterates Hold Rating on Alphabet (GOOGL)
July 24, 2024 7:25 AM EDTLoop Capital analyst Alan Gould reiterated a Hold rating and $170.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Google reported solid 2Q results with upside in Search, momentum in Cloud, softness at YouTube ads and a surprisingly large miss from Network ads.... More
MoffettNathanson Reiterates Buy Rating on Alphabet (GOOGL)
July 24, 2024 7:22 AM EDTMoffettNathanson analyst Michael Nathanson reiterated a Buy rating and $205.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "We think that the market is making an error in two places. First, not all search activity is alike there are commercial searches... More
Rosenblatt Reiterates Neutral Rating on Alphabet (GOOGL)
July 24, 2024 7:08 AM EDTRosenblatt analyst Barton Crockett reiterated a Neutral rating and $181.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "We downgraded Alphabet to NEUTRAL on 6/28, seeing multiple areas of transition risk. 2Q24 eased concerns of transitional revenue risk from the ramp of AI... More
Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)
July 24, 2024 7:04 AM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $211.00 price target on Alphabet (NASDAQ: GOOGL)
The analyst comments "We expect the market to have a muted reaction to Alphabets Q224 earnings report upon our first read/analysis of the results. In terms of upside, we would point to Search & Other revenue (against persistent investor fears of disruption and/or macroeconomic headwinds), Google Cloud revenue, Services Operating Income margin and... More
