Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season.
For Google search revenue, Wolfe Research estimates growth of 12.6% compared to the prior-year period.
Wolfe has an outperform rating on Alphabet and a share price target of $240, implying more than 32% upside from Monday's close.
Deutsche Bank, Bank of America and TD Cowen all increased their price targets on the stock heading into earnings.
GOOGL mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market perform.
Persons:
LSEG, Baird, Colin Sebastian, Wolfe, Shweta Khajuria, TD Cowen, Benjamin Black, Justin Post, John Blackledge, Barton Crockett, Rosenblatt, Bernstein, Mark Shmulik, Shmulik
Organizations:
Google, Wolfe Research, Deutsche Bank , Bank of America, Bank of America, YouTube, Rosenblatt Securities, Department of Justice, DOJ