Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results .
On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share.
The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated.
"We think shares could remain choppy as we work through the Search remedies, given the large impact zone, but performance in 3Q was solid."
Meanwhile, Goldman Sachs' Eric Sheridan also commended the firm for its strong investment cycle, which includes investments into Google's Cloud infrastructure and more AI deployment through its application ecosystem.
Persons:
LSEG, Goldman Sachs, Morgan Stanley, Ross Sandler, Doug Anmuth, Eric Sheridan
Organizations:
Barclays, Citi, JPMorgan, Bank of America, of America, Google, DOJ