Alphabet Q1’24 Earnings Highlights:
Earnings Per Share (EPS):
– Reported EPS: $1.89 (Estimated: $1.53); Increased +24% YoY
Total Revenue:
– Reported Revenue: $80.54B (Estimated: $79.04B); Increased +15% YoY
Operating Income:
– Reported Operating Income: $25.47B (Estimated: $22.4B); Increased +14% YoY
Alphabet’s, $GOOGL, is up by 12% in pre-market trading. Alphabet Analyst Revisions & Ratings:
Evercore ISI revised their price target upward for the stock from $160 to $220.
Canaccord Genuity adjusted their price target upward for the stock from $190 to $210.
Wedbush increased their price target for the stock from $175 to $205.
Piper Sandler raised their price target for the stock from $160 to $200.
Barclays revised their price target upward for the stock from $173 to $200.
JP Morgan increased their price target for the stock from $165 to $200.
RBC adjusted their price target upward for the stock from $155 to $200.
TD Cowen raised their price target for the stock from $170 to $200.
Morgan Stanley increased their price target for the stock from $165 to $195.
MoffettNathanson adjusted their price target upward for the stock from $175 to $185.
Bernstein raised their price target for the stock from $165 to $180.
Wells Fargo revised their price target upward for the stock from $141 to $168.
Median Price Target:
– Current: $200 (increased by $35)
– Previous: $165
Highest Price Target:
– Current: $220 (increased by $30)
– Previous: $190
Lowest Price Target:
– Current: $168 (increased by $27)
– Previous: $141
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