$GOOG (+0,2%) The tech giant Alphabet Inc. (GOOGL) will announce on Wednesday, July 23to publish its second quarter results.
In the run-up, top analyst Justin Post from Bank of America Securities raised his price target for the stock from USD 200 to USD 210 and raised his buy recommendation reiterated.
🔍 Why the forecast was raised
Post justifies its optimistic assessment with stable spending on Google search ads.
Its updated estimates for the second quarter:
- Revenue: $81 billion (previously $80 billion)
- Earnings per share (EPS): USD 2.21 (previously USD 2.15)
Also for Google Cloud Post is also confident: he expects sales of USD 13.2 billionslightly above the market consensus of USD 13.1 billion - supported by higher prices for Google Workspace.
📊 What analysts expect overall
According to TipRanks analysts expect on average:
- EPS: USD 2.18 (previous year: USD 1.89)
- Sales: USD 93.91 billion (+11% year-on-year)
Special focus on:
- Advertising revenue
- AI investments
- Search trends
- Efficiency at Google Cloud (Q1 margin: 17.8%, +4% YoY)
🎯 Price target & analyst opinion
According to TipRanks, the GOOGL share receives a "Strong buy signal" with:
- 29 buy recommendations
- 9 hold recommendations
- Average target price: 205.60 USD
- → Potential: +11.09 % compared to the current price
My Youtube channel for stock analysis: www.youtube.com/@Verstehdieaktie