Alphabet

Alphabet, Inc. (NASDAQ:GOOGL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/31/2024 21% Barclays $180 → $173 Maintains Overweight 01/29/2024 15.41% Keybanc $153 → $165 Maintains Overweight 01/19/2024 4.92% JMP Securities $140 → $150 Maintains Market Outperform 01/17/2024 18.91% Mizuho $155 → $170 Maintains Buy 01/09/2024 18.91% BMO Capital → $170 Initiates Coverage On → Outperform 12/07/2023 16.11% Roth MKM $152 → $166 Maintains Buy 11/21/2023 23.1% Tigress Financial $172 → $176 Maintains Strong Buy 11/16/2023 -9.77% Wells Fargo $126 → $129 Maintains Equal-Weight 10/25/2023 4.92% Piper Sandler $147 → $150 Maintains Overweight 10/25/2023 — Monness, Crespi, Hardt Downgrades Buy → Neutral 10/25/2023 8.41% RBC Capital → $155 Reiterates Outperform → Outperform 10/25/2023 6.32% Roth MKM $146 → $152 Maintains Buy 10/25/2023 -2.08% JMP Securities $138 → $140 Maintains Market Outperform 10/25/2023 11.91% Wedbush → $160 Reiterates Outperform → Outperform 10/25/2023 25.9% […]

Alphabet (GOOG, GOOGL) shares dropped early Wednesday after the Google parent’s core advertising business narrowly missed market estimates for the fourth quarter, overshadowing gains in other metrics of the company. Earnings came in at $1.64 a share for the December quarter, up from $1.05 the year before, the technology giant said late Tuesday That topped the Capital IQ-polled consensus of $1.60. Revenue advanced 13% to $86.31 billion, ahead of the Street’s view for $85.28 billion. Google advertising revenue increased to $65.52 billion from $59.04 billion in the 2022 quarter, but fell short of the $65.81 billion estimate on Visible Alpha. Shares of the company were down 5.7% in premarket trading. “We see continued upside for long-term advertising growth,” Chief Business Officer Philipp Schindler said on an earnings call, according to a Capital IQ transcript. “Advertising generates the bulk of our revenue, and we continue to invest heavily here.” Google Search

Angela Palumbo Alphabet stock was dropping Wednesday after investors digested disappointing fourth-quarter advertising revenue, but analysts remained bullish on the company’s artificial-intelligence opportunities and valuation. Shares of Google parent Alphabet were falling 5.6% in premarket trading Wednesday to $142.93, while Nasdaq Composite futures are about 1% in the red. Even though the tech-giant posted fourth-quarter earnings and revenue that beat Wall Street expectations, advertising sales missed the consensus call. “Although GenAI tools across Search and Ads should be tailwinds to growth, 4Q results suggest Search growth likely continues to decelerate, despite a strengthening overall ad environment and we’ll be watching whether newer GenAI ad tools improve Google’s Search revenue trajectory, ” Citi analyst Ronald Josey wrote Wednesday. Josey increased his price target on the stock to $168 from $153, and maintained his Buy rating, “given improving trends across Google Cloud, YouTube, and subscriptions as the broader advertising environment continues to

Alphabet Posts Q4 EPS of $1.64 on Revenue of $86.3 Billion, Vs CIQ Analyst Consensus of $1.60/Share on Revenue of $85.3 Billion。

Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion。

Alphabet (GOOG) reported Q4 diluted earnings late Tuesday of $1.64 per share, up from $1.05 a year earlier. Analysts polled by Capital IQ expected $1.60. Revenue for the quarter that ended Dec. 31 was $86.31 billion, up from $76.05 billion a year earlier. Analysts surveyed by Capital IQ expected $85.28 billion. Shares of the company traded 4% lower in after-hours activity.

Alphabet, Inc. (NASDAQ:GOOGL) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 8.24% Keybanc $153 → $165 Maintains Overweight 01/19/2024 -1.6% JMP Securities $140 → $150 Maintains Market Outperform 01/17/2024 11.52% Mizuho $155 → $170 Maintains Buy 01/09/2024 11.52% BMO Capital → $170 Initiates Coverage On → Outperform 12/07/2023 8.9% Roth MKM $152 → $166 Maintains Buy 11/21/2023 15.46% Tigress Financial $172 → $176 Maintains Strong Buy 11/16/2023 -15.38% Wells Fargo $126 → $129 Maintains Equal-Weight 10/25/2023 -1.6% Piper Sandler $147 → $150 Maintains Overweight 10/25/2023 — Monness, Crespi, Hardt Downgrades Buy → Neutral 10/25/2023 1.68% RBC Capital → $155 Reiterates Outperform → Outperform 10/25/2023 -0.29% Roth MKM $146 → $152 Maintains Buy 10/25/2023 -8.16% JMP Securities $138 → $140 Maintains Market Outperform 10/25/2023 4.96% Wedbush → $160 Reiterates Outperform → Outperform 10/25/2023 18.08% Barclays $200 → $180 Maintains Overweight 10/25/2023 -1.6%

Keybanc analyst Justin Patterson maintains Alphabet (NASDAQ:GOOGL) with a Overweight and raises the price target from $153 to $165.

Alphabet (GOOGL, GOOG) is due with its Q4 results in the after-hours on Tuesday, Jan. 30. Analysts polled by Capital IQ expect the company to post a profit of $1.60 per share on revenue of $85.3 billion.

Alphabet (GOOG, GOOGL) looks set to report better-than-projected fourth-quarter results, aided by tailwinds from YouTube, search, and artificial intelligence, as well as the recent ad sector rebound, BofA Securities said Friday. The parent company of internet search giant Google is scheduled to report results Tuesday. BofA continues to expect per-share earnings of $1.63 amid the potential for “slightly higher” costs, BofA analysts including Justin Post and Nitin Bansal said in a note. The firm raised its consolidated net revenue outlook to $72.62 billion from $72.16 billion. Wall Street is looking for EPS of $1.61 and revenue of $71.11 billion, the brokerage said. “We expect (fourth-quarter) revenue strength from a (post-October) ad sector rebound, AI tools driving incremental ad spend, and linear video spend shift” to YouTube, the analysts said. BofA raised its price objective on the Alphabet stock to $175 from $166 while reiterating its buy rating. BofA expects fourth-quarter

Alphabet, Inc. (NASDAQ:GOOGL) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 2.69% JMP Securities $140 → $150 Maintains Market Outperform 01/17/2024 16.38% Mizuho $155 → $170 Maintains Buy 01/09/2024 16.38% BMO Capital → $170 Initiates Coverage On → Outperform 12/07/2023 13.64% Roth MKM $152 → $166 Maintains Buy 11/21/2023 20.49% Tigress Financial $172 → $176 Maintains Strong Buy 11/16/2023 -11.69% Wells Fargo $126 → $129 Maintains Equal-Weight 10/25/2023 2.69% Piper Sandler $147 → $150 Maintains Overweight 10/25/2023 — Monness, Crespi, Hardt Downgrades Buy → Neutral 10/25/2023 6.11% RBC Capital → $155 Reiterates Outperform → Outperform 10/25/2023 4.06% Roth MKM $146 → $152 Maintains Buy 10/25/2023 -4.16% JMP Securities $138 → $140 Maintains Market Outperform 10/25/2023 9.54% Wedbush → $160 Reiterates Outperform → Outperform 10/25/2023 23.23% Barclays $200 → $180 Maintains Overweight 10/25/2023 2.69% Morgan Stanley $155 → $150 Maintains Overweight 10/25/2023

JMP Securities analyst Andrew Boone maintains Alphabet (NASDAQ:GOOGL) with a Market Outperform and raises the price target from $140 to $150.