On Oct 31, major Wall Street analysts update their ratings for $Alphabet-A (GOOGL.US)$, with price targets ranging from $185 to $225.
Morgan Stanley analyst Brian Nowak maintains with a buy rating, and adjusts the target price from $190 to $205.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $208 to $210.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and adjusts the target price from $208 to $212.
BofA Securities analyst Justin Post maintains with a buy rating, and adjusts the target price from $206 to $210.
Citi analyst Ronald Josey maintains with a buy rating, and adjusts the target price from $212 to $216.
Furthermore, according to the comprehensive report, the opinions of $Alphabet-A (GOOGL.US)$'s main analysts recently are as follows:
Following Alphabet's 'strong' performance in Q3, highlighted by robust Cloud growth and margins, revenue projections for 2025 have been adjusted upwards by 2% to $332B. This adjustment accounts for anticipated higher growth in Cloud, Network and Other revenue, despite a slight decrease in Google Properties revenue. Additionally, margins and operating income estimates have been increased due to a keen emphasis on cost control.
Alphabet's recent financial results may contribute to resolving debates around its capital expenditures and return on invested capital. However, shareholder concerns regarding regulatory challenges and potential market share decreases in its primary business may continue to limit its valuation multiple. Shareholders are likely to remain focused on the potential for earnings per share growth to drive upward movements in the stock price.
The firm emerged from Alphabet's Q3 earnings with a more positive stance on the shares. The continued growth in Google Search and YouTube revenues, which rose by 12% year-over-year, signifies ongoing advertiser engagement with Alphabet's monetization mechanisms as query growth persists. Despite the ongoing regulatory scrutiny and the rise of generative artificial intelligence competition, the firm remains optimistic following the Q3 outcomes.
Alphabet demonstrated resilience in its Search platform, exceeded expectations with YouTube performance, and displayed commendable expense management in the past quarter. The company's transparency regarding the progress of various new products, along with indications of user adoption, engagement, and revenue generation, is likely to bolster market confidence in its long-term strategy.
Alphabet's direction appears predominantly positive, with advancements in artificial intelligence, a stable digital advertising macro environment, stringent cost management alongside infrastructural investments, and impressive free cash flow generation. The shares might experience volatility while navigating through Search remedies due to their significant impact zone.
Here are the latest investment ratings and price targets for $Alphabet-A (GOOGL.US)$ from 20 analysts:
Note:
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