Alphabet Set To Report Strong Q2 Results With Increased Search Revenue: Analyst Bullish On Google Parent Flags 3 Things That Will Be On His Radar
Portfolio Pulse from Shanthi Rexaline
Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is expected to report strong Q2 results with increased search revenue. Analysts predict earnings of $1.85 per share and revenue of $84.20 billion. Wedbush analyst Scott Devitt reiterated an Outperform rating and $205 price target, citing positive ad survey results and strong Google Search revenue growth. Operating income is expected to exceed consensus estimates, with operating margin likely to expand.
July 22, 2024 | 1:23 pm
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Alphabet (GOOG) is expected to report strong Q2 results with increased search revenue. Analysts predict earnings of $1.85 per share and revenue of $84.20 billion. Wedbush analyst Scott Devitt reiterated an Outperform rating and $205 price target, citing positive ad survey results and strong Google Search revenue growth.
The positive earnings expectations and strong search revenue growth, along with an Outperform rating and high price target from a reputable analyst, suggest a likely short-term price increase for GOOG.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet (GOOGL) is expected to report strong Q2 results with increased search revenue. Analysts predict earnings of $1.85 per share and revenue of $84.20 billion. Wedbush analyst Scott Devitt reiterated an Outperform rating and $205 price target, citing positive ad survey results and strong Google Search revenue growth.
The positive earnings expectations and strong search revenue growth, along with an Outperform rating and high price target from a reputable analyst, suggest a likely short-term price increase for GOOGL.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100