Will Alphabet's Q2 Earnings Defy Bearish Trends?
Portfolio Pulse from Surbhi Jain
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is set to report its Q2 earnings with Wall Street expecting $1.84 in EPS and $84.1 billion in revenues. Despite a 45.59% increase over the past year, the stock shows bearish momentum ahead of the earnings report. Technical indicators are mixed, with some suggesting potential buying opportunities. Analysts maintain a Buy rating with a price target of $196.22, implying a 16.16% upside.
July 22, 2024 | 3:10 pm
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Alphabet Inc (GOOG) is set to report Q2 earnings with expectations of $1.84 EPS and $84.1 billion in revenues. Despite a strong performance over the past year, the stock shows bearish momentum ahead of the earnings report. Analysts maintain a Buy rating with a price target of $196.22, implying a 16.16% upside.
The stock shows mixed technical indicators with bearish momentum ahead of the earnings report. However, analysts maintain a Buy rating with a significant upside potential, balancing the short-term bearish signals.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Alphabet Inc (GOOGL) is set to report Q2 earnings with expectations of $1.84 EPS and $84.1 billion in revenues. Despite a strong performance over the past year, the stock shows bearish momentum ahead of the earnings report. Analysts maintain a Buy rating with a price target of $196.22, implying a 16.16% upside.
The stock shows mixed technical indicators with bearish momentum ahead of the earnings report. However, analysts maintain a Buy rating with a significant upside potential, balancing the short-term bearish signals.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100