TECH - Google Parent Alphabet's Q2 Expected To Shine With AI YouTube Shorts Cloud Strength: Analyst | Benzinga
Bank of America Securities analyst Justin Post maintained Alphabet Inc (NASDAQ:GOOGL) with a Buy and raised the price target from $200 to $206.
Alphabet is the first in the online media group to report on July 23, and Post expects results to set a positive backdrop for the group.
The analyst slightly raised his Search estimates to 12% year-on-year (versus 11% prior) and now expects second-quarter revenue and EPS of $70.9 billion and $1.91 vs Street at $70.6 billion and $1.84.
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Post noted upside to Street estimates as his checks suggest AI integrations driving higher usage and ad Click-Through Rates (CTRs), Search revenue stability aided by improving macro ...