Alphabet falls as margin fears, YouTube slowdown eclipse AI boost
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July 24, 2024 7:25 AM EDT
Loop 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
July 24, 2024 7:22 AM EDT
MoffettNathanson 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
July 24, 2024 7:08 AM EDT
Rosenblatt 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
July 24, 2024 7:04 AM EDT
Goldman 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
