Rosenblatt Reiterates Neutral Rating on Alphabet (GOOGL)

Loop Capital Reiterates Hold Rating on Alphabet (GOOGL)

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

MoffettNathanson Reiterates Buy Rating on Alphabet (GOOGL)

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

Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)

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

Alphabet falls as margin fears, YouTube slowdown eclipse AI boost

July 24, 2024 6:55 AM EDT

By Aditya Soni and Khushi Singh

(Reuters) -Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough competition for ad dollars.

The Google parent's capital expenditure rose more than expected in the second quarter to $13.2 billion as it invests heavily in infrastructure needed to support generative AI services, as well as compete with Microsoft.

While Alphabet has been cutting costs through layoffs to protect profitability, several analysts said that seasonally higher hiring of fresh graduates and the earlier-than-usual Pixel... More

Alphabet (GOOGL) PT Raised to $210 at Mizuho

July 24, 2024 6:40 AM EDT

(Updated - July 24, 2024 6:46 AM EDT)

Mizuho analyst James Lee raised the price target on Alphabet (NASDAQ: GOOGL) to $210.00 (from $205.00) while maintaining a Outperform rating.

The analyst commented: "The company reported a good quarter with better revenue growth in search and... More

Alphabet (GOOGL) PT Raised to $190 at Wells Fargo

July 24, 2024 6:30 AM EDT

Wells Fargo analyst Ken Gawrelski raised the price target on Alphabet (NASDAQ: GOOGL) to $190.00 (from $187.00) while maintaining a Equal Weight rating.... More

Alphabet/Tesla, Harris leads a poll, European earnings - what's moving markets

July 24, 2024 5:12 AM EDT

Investing.com -- Wall Street looks set to open on a negative note Wednesday, with second-quarter results from tech giants Alphabet (NASDAQ: GOOGL) and Tesla underwhelming. The U.S. political situation remains volatile, while the Eurpean earnings season hits top gear  

1. Alphabet and Tesla underwhelm

Alphabet (NASDAQ: GOOG) and Tesla (NASDAQ: TSLA) have started the ball rolling, in terms of the market-leading mega caps reporting, and investors were left... More

Stocks expected to have increasing option volume: GOOGL GOOG IBM TSLA V TMO NOW

July 24, 2024 4:55 AM EDT

Stocks expected to have increasing option volume: GOOGL GOOG IBM TSLA V TMO NOW

... More

Alphabet (GOOGL) PT Raised to $204 at UBS

July 24, 2024 1:58 AM EDT

UBS analyst Stephen Ju raised the price target on Alphabet (NASDAQ: GOOGL) to $204.00 (from $200.00) while maintaining a Neutral rating.

The analyst comments: "One of the biggest questions we have been fielding across our coverage has been when the ROIC from the... More

Alphabet (GOOGL) PT Raised to $204 at RBC Capital

July 24, 2024 1:57 AM EDT

RBC Capital analyst Brad Erickson raised the price target on Alphabet (NASDAQ: GOOGL) to $204.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments: "GOOGL reported revenue and EPS upside on Search and GCP, partly offset by YouTube and Networks. Net/net,... More

After-hours movers: Alphabet, Tesla, Texas Instruments, Seagate and more

July 23, 2024 4:41 PM EDT

After-Hours Stock Movers:

Tesla (NASDAQ: TSLA) fell 2% after it reported mixed results for the second quarter, with EPS missing consensus despite a revenue beat. After a sequential decline in production in Q2, the company expects a sequential... More

Google Search and Cloud strength help Alphabet edge past analyst estimates

July 23, 2024 4:37 PM EDT

Alphabet Inc. (NASDAQ: NASDAQ: GOOGL) reported second-quarter financial results Tuesday that were mostly above the analyst expectations.

However, weaker-than-expected revenue in the YouTube segment pushed shares about 1% lower in after-hours trade.

The company's adjusted earnings per share (EPS) came in at $1.89, slightly higher than the consensus estimate of $1.83. Revenue for the quarter was $84.74 billion, also above the average analyst projection... More

Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud

July 23, 2024 4:05 PM EDT

By Greg Bensinger and Yuvraj Malik

(Reuters) -Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.

Alphabet's results underscore robust demand for digital ads, driven by events like the Paris Olympics and elections in several countries including the U.S., while a recovery in enterprise spending is boosting its software business.

Strong adoption of generative artificial intelligence technology drove its cloud business.

Advertising sales, Alphabet's chief revenue source, rose... More

Alphabet Inc. (GOOGL) Tops Q2 EPS by 6c

July 23, 2024 4:03 PM EDT

Alphabet Inc. (NASDAQ: GOOGL) reported Q2 EPS of $1.89, $0.06 better than the analyst estimate of $1.83. Revenue for the quarter came in at $84.74 billion versus the consensus estimate of $84.16 billion.

For earnings history and earnings-related data on Alphabet Inc. (GOOGL) click here.

... More

CrowdStrike Crash Was Large Factor In Google (GOOGL) -Wiz Talks Failing - Bloomberg

July 23, 2024 3:20 PM EDT

CrowdStrike Crash Was Large Factor In Google (GOOGL) -Wiz Talks Failing - Bloomberg

People Familiar With Google-Wiz Talks Say Crash Played A Role

... More

Alphabet (GOOGL) July weekly calls active

July 23, 2024 10:32 AM EDT

Alphabet (NASDAQ: GOOGL) July 26 weekly call option implied volatility is at 81, August is at 38; compared to its 52-week range of 19 to 39 into the expected release of quarter results today after the bell.

... More

KeyBanc Reiterates Overweight Rating on Alphabet (GOOGL)

July 23, 2024 9:23 AM EDT

KeyBanc analyst Justin Patterson reiterated an Overweight rating and $200.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst commented, "We believe fundamentals remain strong, with Search likely exceeding 12% growth and Cloud/YouTube growth remaining solid. While solid segment results and the expansion of... More

BMO Capital Reiterates Outperform Rating on Alphabet (GOOGL)

July 23, 2024 8:56 AM EDT

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $222.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst commented, "In a blog post by The Privacy Sandbox, Google announced the potential that Cookies will not deprecate (prior expectations called for a 2025 deprecation).... More

Alphabet (GOOGL) PT Raised to $210 at Morgan Stanley

July 23, 2024 8:45 AM EDT

Morgan Stanley analyst Brian Nowak raised the price target on Alphabet (NASDAQ: GOOGL) to $210.00 (from $195.00) while maintaining a Overweight rating.... More

MS: Amazon remains top mega cap pick; double digit upside seen for Google, Meta

July 23, 2024 8:16 AM EDT

Amazon (NASDAQ: AMZN) remains Morgan Stanley's top mega-cap pick ahead of earnings, with analysts predicting strong potential for Amazon Web Services (AWS) growth and improved North American profitability in a note to clients this week.

According to Morgan Stanley, which raised its target for AMZN to $240, AWS needs to grow by at least 18% to build new management credibility and ensure confidence in its GenAI positioning.

... More

Google talks to cybersecurity firm Wiz break down - WSJ

July 23, 2024 7:47 AM EDT

Google's discussions regarding the potential acquisition of cybersecurity startup Wiz for a planned $23 billion have fallen apart, according to a report by The Wall Street Journal on Tuesday.

The WSJ said that in an email to employees sent Monday, which it had viewed, Wiz Chief Executive Assaf Rappaport stated the company is now seeking an initial public offering.

He reportedly wrote: "Wizards, I know the last week has been intense, with the buzz about a potential acquisition."

"While we are flattered by offers we have received, we... More

Alphabet (GOOGL) earnings preview: Cloud eemains a bright spot

July 23, 2024 6:56 AM EDT

Analysts have differing views on Alphabet's upcoming earnings. Citi Research expects strong growth across Search (12.5% Y/Y), YouTube (17.5% Y/Y), and Cloud (27% Y/Y) due to factors like AI advancements and a healthy digital ad market.

In contrast, Wells Fargo advises reducing exposure to Alphabet, citing a less favorable risk/reward profile and a murkier catalyst path moving forward.

Citi Bullish on Alphabet's Growth

Search Momentum: Citi predicts a 12.5% Y/Y jump in Search revenue, fueled by a robust digital ad environment and Google's innovative ad formats. They see AI Overviews as a potential... More

Alphabet (GOOGL) July weekly 180 straddle priced into quarter results

July 23, 2024 5:45 AM EDT

Alphabet (NASDAQ: GOOGL) July weekly 180 straddle priced for a move of 6.5% into the expected release of quarter results after the bell on July 23.

... More

Harris support, Tesla earnings, Wiz's deal - what's moving markets

July 23, 2024 5:16 AM EDT

Investing.com -- Corporate earnings will be in the spotlight Tuesday, especially from tech giants Tesla and Alphabet, while Wiz has reportedly turned down a deal with Google. Vice President Kamala Harris looks set for a run at the presidency. 

1. Harris has backing for Democratic nomination - AP survey

Vice President Kamala Harris appears to be in prime position to receive the Democratic Partys nomination to run against Republican candidate Donald Trump in Novembers presidential election.

An AP survey indicated that... More

Google no longer deprecating third-party cookies - analysts weigh in

July 23, 2024 4:48 AM EDT

Google (NASDAQ: GOOGL) announced on Tuesday it will no longer deprecate third-party cookies on Chrome.

While it continues to develop its Privacy Sandbox APIs, the company now plans to give users an "informed choice" regarding their web browsing settings, which can be adjusted at any time. The decision follows multiple delays, with the most recent timeline targeting full deprecation by early... More

Wiz To Continue Seeking Ipo, Turns Down Alphabet (GOOGL) Offer: Memo - Bloomberg

July 22, 2024 10:53 PM EDT

Wiz To Continue Seeking Ipo, Turns Down Alphabet Offer: Memo - Bloomberg

... More

Alphabet (GOOGL) call put ratio 2.5 calls to 1 put into quarter results

July 22, 2024 11:04 AM EDT

Alphabet (NASDAQ: GOOGL) July 26 weekly call option implied volatility is at 73, August is at 38; compared to its 52-week range of 19 to 39 into the expected release of quarter results after the bell on July 23.

... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Spotlight on GDP, PCE data and earnings

July 22, 2024 9:15 AM EDT

U.S. stocks ended Friday trading in the red as Wall Street concluded a week characterized by a shift from this years megacap winners to smaller names.

The S&P 500 fell by 0.71%, closing at 5,505.00. The Nasdaq Composite dropped 0.81%, ending at 17,726.94. The Dow Jones Industrial Average decreased by 377.49 points, or 0.93%, to 40,287.53.

Fridays declines were widespread, with the Russell 2000 also down by 0.63%. Despite this, the focus on stocks expected to benefit more from potential Federal Reserve interest rate cuts, such as small caps, remained prominent throughout the week.

The S&P 500 and Nasdaq experienced... More

Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus

July 22, 2024 9:01 AM EDT

By Yuvraj Malik

(Reuters) - Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market.

The search giant's second-quarter report on Tuesday, the first among the Big Technology companies this season, could offer further insight into the uptake of AI services, as well as the rising costs associated with the new technology.

At a developer conference in May, Google widely rolled out AI-powered summaries in Search and... More

Wedbush says Google search strength continues, raises estimates ahead results

July 22, 2024 8:17 AM EDT

Alphabet (NASDAQ: GOOGL) is set to report its second-quarter 2024 results on Tuesday, July 23, and Wedbush analysts are optimistic about the company's performance.

"We think the setup remains positive heading into 2Q results," they noted, emphasizing strong indicators from their ad survey and agency feedback that suggest continued robustness in Google Search.

In light of this, Wedbush has increased its Google... More

Wells Fargo: Amazon most favored long among mega-caps going into earnings

July 22, 2024 7:47 AM EDT

Amazon (NASDAQ: AMZN) is emerging as the "most favored long among mega-caps" as the tech giant heads into its second-quarter earnings report, according to a recent note from Wells Fargo analysts.

Despite mixed hedge fund positioning for competitors like Meta (NASDAQ: META), Wells Fargo believes Amazon stands out due to strong performance expectations and positive forward commentary.

The... More