What's Going On With Google Parent Alphabet Stock Monday?
Portfolio Pulse from Dylan Berman
Alphabet Inc. (NASDAQ:GOOGL) shares are trading higher ahead of its quarterly earnings release. Analysts estimate an EPS of $1.85 and revenue of $84.20 billion for the company's 2024 fiscal year second quarter. The stock is trading above its 50-day moving average and near its 52-week high. Wedbush analyst Scott Devitt reiterated an Outperform rating with a $205 price target.
July 22, 2024 | 5:29 pm
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Alphabet Inc. shares are trading higher ahead of its quarterly earnings release. Analysts estimate an EPS of $1.85 and revenue of $84.20 billion. The stock is trading above its 50-day moving average and near its 52-week high. Wedbush analyst Scott Devitt reiterated an Outperform rating with a $205 price target.
The anticipation of Alphabet's earnings release, coupled with positive analyst expectations and a strong stock performance, is likely to drive the stock price higher in the short term. The reiteration of an Outperform rating and a high price target by Wedbush further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100