Alphabet (GOOGL) PT Raised to $205 at Evercore ISI

Cantor Fitzgerald Reiterates Neutral Rating on Alphabet (GOOGL)

October 30, 2024 6:33 AM EDT

Cantor Fitzgerald analyst Maria Ripps reiterated a Neutral rating and $190.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "The Key Takeaway: GOOGLs 3Q results exceeded Street estimates by 2%/7% on revenue/EBIT (Visible Alpha), but search and YT were largely in-line vs.... More

Alphabet (GOOGL) PT Raised to $225 at Truist Securities

October 30, 2024 6:24 AM EDT

Truist Securities analyst Youssef Squali raised the price target on Alphabet (NASDAQ: GOOGL) to $225.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "We remain constructive on GOOGL following a broad-based beat across Search, Cloud and Devices with improving margins, even as mgmt... More

Alphabet (GOOGL) PT Raised to $212 at JPMorgan

October 30, 2024 6:21 AM EDT

JPMorgan analyst Doug Anmuth raised the price target on Alphabet (NASDAQ: GOOGL) to $212.00 (from $208.00) while maintaining a Overweight rating.

The analyst comments "Key standouts for us coming out of 3Q earnings were: 1) Googles increased confidence in its AI Search rollout; 2) strong Google Cloud acceleration (+35% Y/Y) & margin expansion (17.1% OPM); & 3) operating profit upside (32.3% OPM) w/continued... More

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

October 30, 2024 6:08 AM EDT

BofA Securities analyst Justin Post raised the price target on Alphabet (NASDAQ: GOOGL) to $210.00 (from $206.00) while maintaining a Buy rating.

The analyst comments "3Q net revenue at $74.5bn beat Street at $72.8bn driven by Cloud and other revs. Search revenues grew 12.2% y/y (roughly in line), while... More

Alphabet (GOOGL) PT Raised to $216 at Citi

October 30, 2024 5:45 AM EDT

Citi analyst Ronald Josey raised the price target on Alphabet (NASDAQ: GOOGL) to $216.00 (from $212.00) while maintaining a Buy rating.

The analyst comments "We emerge from Alphabets 3Q24 earnings incrementally positive on shares. Google Search & YouTube revenue growth of +12% Y/Y highlight continued... More

Alphabet (GOOGL) PT Raised to $220 at Barclays

October 30, 2024 2:33 AM EDT

(Updated - October 30, 2024 5:35 AM EDT)

Barclays analyst Ross Sandler raised the price target on Alphabet (NASDAQ: GOOGL) to $220.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "The Key Take-Away: GOOGL reported revenue and EPS that were 2% and 15% above... More

Alphabet (GOOGL) PT Raised to $215 at KeyBanc

October 30, 2024 2:22 AM EDT

KeyBanc analyst Justin Patterson raised the price target on Alphabet (NASDAQ: GOOGL) to $215.00 (from $200.00) while maintaining a Overweight rating.... More

RBC Capital Reiterates Outperform Rating on Alphabet (GOOGL), 'Various controversies aside, GOOGL executes well'

October 29, 2024 4:58 PM EDT

RBC Capital analyst Brad Erickson reiterated an Outperform rating and $204.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst said: "The company beat on overall revenue, which was driven by most segments with the Other segment being the biggest contributor followed by... More

Goldman Sachs Reiterates Buy Rating on Alphabet (GOOGL)

October 29, 2024 4:41 PM EDT

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $208.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "We expect the market to have a positive reaction to Alphabets Q3'24 earnings report upon our first read/analysis of the results. In terms of upside, we would point to Search & Other revenue (which exceeded... More

Alphabet Q3 results beat analyst estimates as ad-revenue climbs; shares jump

October 29, 2024 4:20 PM EDT

Investing.com -- Alphabet reported Tuesday third-quarter results that topped Wall Street estimates as the search giant's advertising revenue climbed, easing concerns about the threat of competition from artificial intelligence search products.   

Alphabet Inc Class A (NASDAQ: GOOGL) rose more than 3% in afterhours... More

Alphabet's AI investments boost cloud sales, lifts maturing ad business

October 29, 2024 4:06 PM EDT

By Deborah Mary Sophia and Kenrick Cai

(Reuters) - Google parent Alphabet said on Tuesday its AI investments were "paying off" as it reported a 35% surge in its cloud business and U.S. election-related spending lifted YouTube ad sales in the third quarter.

Alphabet shares rose nearly 6% in after-market trading on Tuesday. Shares of Amazon and Microsoft, the top cloud companies, were up about 1% after hours.

Alphabet topped third-quarter revenue and earnings expectations. Its mainstay Search business jumped 12% and as did revenue from YouTube ads.

"Alphabet is the first major tech name to report earnings,... More

Alphabet Inc. (GOOGL) Tops Q3 EPS by 28c, Beats on Revenue, Cloud Revenue Above Estimates

October 29, 2024 4:04 PM EDT

(Updated - October 29, 2024 4:05 PM EDT)

Alphabet Inc. (NASDAQ: GOOGL) reported Q3 EPS of $2.12, $0.28 better than the analyst estimate of $1.84. Revenue for the quarter came in at $88.27 billion versus the consensus estimate of $86.37 billion.

Q3 Cloud revenue of $11.35B vs $10.79B... More

AppLovin started at Buy at Wells Fargo, shares up

October 29, 2024 11:39 AM EDT

Investing.com -- Wells Fargo started research coverage of AppLovin (NASDAQ: APP) stock with an Overweight rating and a price target of $200, citing a favorable market share and software revenue growth outlook.

The firms analyst compares AppLovin's market position in mobile games to Google (NASDAQ: GOOGL)'s stance in programmatic advertising following its acquisition of DoubleClick in 2008. As such, they expect that AppLovin will continue to capture market share and outperform revenue estimates in... More

Active options: GOOGL VFC BABA AAPL MCD CLSK GME RIOT

October 29, 2024 10:41 AM EDT

Active options: GOOGL VFC BABA AAPL MCD CLSK GME RIOT

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Wells Fargo starts TTD stock at Buy; Citi expects 'strong beat and raise' Q3 print

October 29, 2024 8:51 AM EDT

Investing.com -- Wells Fargo on Monday started research coverage of The Trade Desk (NASDAQ: TTD) stock with a Buy rating and a price target of $150 ahead of the companys Q3 earnings report next month.

In a note to clients, the investment bank outlined several factors contributing to the positive outlook, including Amazon (NASDAQ: AMZN)'s increased shift of advertising spend to Connected TV (CTV) and new partnerships that are... More

Alphabet is reporting after the bell. Here's what analysts are expecting

October 29, 2024 8:30 AM EDT

Investing.com -- Google parent Alphabet (NASDAQ: GOOGL) is scheduled to release its earnings after Tuesday's market close, with analysts anticipating growth in both revenue and earnings, fueled in part by gains in its AI-related Google Cloud division.

Ahead of the print, Bank of America analysts reiterated a Buy rating on Alphabet stock, with a price target of $206.

The bank expects the Google owner to meet or beat third-quarter expectations, with projected revenue and GAAP earnings per share (EPS) of $72.7 billion and $1.86 respectively, compared to the Street's estimates of $72.8... More

Meta Platforms (META) Developing AI Search Engine - The Information

October 28, 2024 11:04 AM EDT

(Updated - October 28, 2024 11:05 AM EDT)

Meta Platforms (NASDAQ: META) Developing AI Search Engine - The Information

The Facebook owner is working on a search engine that crawls the web to provide conversational answers about current events to people... More

Alphabet (GOOGL) Falls to Low; Meta (META) Developing AI Search Engine - The Information

October 28, 2024 11:02 AM EDT

(Updated - October 28, 2024 11:04 AM EDT)

Alphabet (NASDAQ: GOOGL) Falls to Low; Meta (NASDAQ: META) Developing AI Search Engine - The Information

Facebook owner is working on a search engine that crawls the web to provide conversational answers about current events to people using its Meta AI chatbot, the report said.... More

Active options: GOOGL PLTR AMZN TSM SMCI COIN NIO WULF F CLSK GME BA

October 28, 2024 10:10 AM EDT

Active options: GOOGL PLTR AMZN TSM SMCI COIN NIO WULF F CLSK GME BA

... More

AMD gains as Northland says share gains likely to continue

October 28, 2024 8:57 AM EDT

Investing.com -- Shares of Advanced Micro Devices (AMD) (NASDAQ: AMD) rose on Monday during pre-market trading after analysts at Northland Capital Markets said that they believe that the company will report revenue at or above the high end of its guidance for the third quarter in a note dated Monday. 

We expect AMD to continue to gain a share in server CPUs and AI accelerators in CY25. Slowing earnings growth will likely be OPEX as AMD invests billions of dollars to capture tens of billions of future annual revenue,... More

Alphabet's Q3 revenue growth likely to slow as competition pressures Search, YouTube

October 28, 2024 6:04 AM EDT

By Zaheer Kachwala and Deborah Mary Sophia

(Reuters) - Alphabet will likely post its slowest revenue growth in four quarters on Tuesday, hurt by competition that weighed on its core Google Search business and dented YouTube ad spending.

The slowdown in its core business is expected to overshadow AI-driven gains at its cloud-computing business in the third quarter. This quarter was also the company's first since Anat Ashkenazi took over as finance chief from Ruth Porat.

Alphabet's long-established dominance of the digital ad market is under threat from the likes of Amazon and TikTok that have become... More