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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
Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is scheduled to release its second-quarter results after the market close on Tuesday, and ahead of the release, a bullish analyst reiterated his positive stance. The Google parent is the first AI stalwart to report this earnings season and therefore, all eyes will be riveted on the report.
Analysts, on average, expect the company to report earnings of $1.85 per share compared to the year-ago’s $1.44, and revenue of $84.20 billion versus last year’s $74.60 billion.
The Alphabet Analyst: Wedbush analyst Scott Devitt reiterated an Outperform rating and $205 price target for the stock.
The Alphabet Thesis: “The setup remains positive heading into 2Q results,” said Devitt, citing findings from the firm’s ad survey and agency commentary that pointed to continued ...