Citi maintains a "Buy" rating on Alphabet Inc. (GOOGL) despite lowering the target price slightly to $229 from $232, reflecting the impact of increased capital expenditures on profitability. The report highlights Alphabet's Q4 2024 results, where Search and YouTube ad revenues reaccelerated, with Search & Other revenues growing by 12.5% y/y, driven by strong performance in financial services, retail, and tr
Alphabet's fourth-quarter earnings report revealed a revenue miss that has sent its stock tumbling in after-hours trading. The tech giant's cloud business, which has been a significant growth driver in recent years, showed signs of slowing, raising concerns among investors. Analysts had high expectations for Alphabet's cloud segment, but the reported figures fell short, leading to a reevaluation of the comp
Citi maintains a "Buy" rating on Alphabet Inc. (GOOGL) with a target price of $232, driven by anticipated strong Q4 2024 results, particularly in Search and Google Cloud. The report highlights Google's GenAI roadmap, including the rollout of Gemini 2.0, as a key growth driver. Citi projects a 33% y/y increase in Google Cloud revenue and an 11% y/y growth in Search revenue, supported by AI Overviews and PMax
BofA Global Research maintains its "Buy" rating on Alphabet Inc. (GOOGL) with a price objective of $225, citing strong eCommerce ad spend as a key driver for Q4 performance. The report anticipates positive outcomes for Alphabet's Search and YouTube segments, following Meta's Q4 ad beat, while noting Azure's miss as a neutral factor for Alphabet's Cloud division. Analysts expect favorable commentary on cloud
Wedbush maintains an "Outperform" rating on Alphabet Inc. (GOOGL) with a 12-month price target of $220, driven by robust growth in its Cloud segment and potential cost optimizations under the new CFO. The report anticipates Alphabet's Q4 2024 earnings, highlighting strong digital advertising demand, particularly in Search and YouTube, despite FX headwinds and challenging comps. The Cloud segment is expected
Alphabet Inc.'s stock movement on January 24th can be attributed to growing investor optimism surrounding its Tensor Processing Units (TPUs). D.A. Davidson analysts have highlighted these chips as a significant source of untapped revenue potential for the tech giant. The TPUs, which are specialized hardware designed to accelerate machine learning tasks, are increasingly being recognized for their potential
The U.S. Supreme Court's decision to uphold a law that could lead to a TikTok ban in the United States has sparked significant interest in potential beneficiaries, including Alphabet's YouTube. Analysts at Morgan Stanley have highlighted that YouTube Shorts, Alphabet's short-form video platform, stands to gain from the potential shift in user engagement and advertising dollars. With TikTok's U.S. user base
Alphabet's ambitious goal to reach 500 million users for its Google Gemini chatbot by the end of 2025 is facing challenges, as the company struggles to keep pace with competitors in the generative AI space. Despite launching an official iOS app for Gemini, reports indicate that Google is lagging behind rivals like ChatGPT in terms of paid subscribers. The Gemini app was ranked only 54th among free iPhone ap
BofA Global Research has reiterated its "Buy" rating for Alphabet Inc. (GOOGL), raising the price objective to $225 from $210, reflecting a forward-looking valuation based on 2026 estimates. The report highlights AI competition and regulatory challenges as key factors influencing market sentiment, while potential tailwinds could arise from AI advancements and cost discipline. Despite lowering EPS estimates
Alphabet's autonomous vehicle unit, Waymo, is making significant strides in the robotaxi industry, as highlighted during the CES 2025 keynote by co-CEO Tekedra Mawakana. Waymo has achieved a milestone of 150,000 paid trips per week and completed over 4 million rides in 2024, positioning itself ahead of competitors like Tesla, Mobileye, and Amazon's Zoox. The company has also expanded its service area and is
Citi maintains a "Buy" rating on Alphabet Inc. (GOOGL), setting a price target of $232, based on a valuation of ~22.5x the projected GAAP EPS of $10.31 for 2026. This comes in light of Alphabet's recent submission of its Proposed Final Judgement (PFJ) in response to a court ruling on its search distribution practices, which were found to violate the Sherman Act. Google's PFJ suggests more flexible browser a
Alphabet Inc. (GOOGL) shares closed down 3.59% at $188.40 on December 18, 2024, amid a confluence of factors that weighed heavily on the stock. The day began with Alphabet opening at $195.22, but the stock quickly lost ground, reaching a low of $187.74. The decline was partly driven by insider selling, as Amie O'Toole, Alphabet's Chief Accounting Officer, sold 2,834 shares, contributing to investor concerns
Alphabet Inc. (GOOGL) shares are experiencing a decline today, primarily influenced by insider selling activity. On December 16, 2024, Amie O'Toole, Alphabet's Vice President and Chief Accounting Officer, sold 2,834 shares of the company. This transaction is part of a broader trend of insider selling at Alphabet, with 38 insider sales and no insider purchases over the past year. Such activity often raises c
Alphabet Inc. (GOOGL) shares are experiencing a decline today, primarily influenced by broader market trends following the Federal Reserve's recent policy announcement. The Fed cut its benchmark lending rate, as anticipated, but signaled a slower pace of future rate reductions, which has led to a cautious market sentiment. This announcement has impacted large-cap technology stocks, including Alphabet, as in
Alphabet Inc. (GOOGL) saw its stock decline by 0.63% to close at $195.42 on December 17, 2024, amid a day of heightened trading activity with volume reaching 42,146,409 shares, significantly above the average. The stock opened at $197.02 and reached a high of $201.42 before retreating to a low of $194.98. The decline comes despite positive news earlier in the day about Waymo, Alphabet's self-driving vehicle
Alphabet Inc. (GOOG) saw a decline in its stock price on December 17, 2024, closing at $197.12, down 0.52% from the previous day's close of $198.16. The stock opened at $198.72 and reached a high of $202.88 before retreating to a low of $196.69. The trading volume was notably high at 23,944,360 shares, significantly above the average of 18,558,839 shares. Despite positive news earlier in the day about Waymo
Alphabet Inc. (GOOGL) is experiencing a rise in its stock price today, driven by the announcement of its self-driving vehicle unit, Waymo, selecting Tokyo as its first international destination for testing robotaxis. This strategic move marks a significant step in Waymo's expansion beyond the U.S., partnering with Tokyo's largest taxi operator, Nihon Kotsu. The news has generated positive sentiment among in
Alphabet Inc.'s stock is experiencing an uptick today, driven by the announcement that its self-driving vehicle unit, Waymo, has chosen Tokyo as its first international destination for testing robotaxis. This strategic move marks a significant step in Waymo's expansion beyond the U.S., as it partners with Tokyo's largest taxi operator, Nihon Kotsu. The news has generated positive sentiment among investors,
Alphabet Inc. (GOOGL) stock experienced a notable rise due to several key developments. The announcement of OpenAI making ChatGPT Search free for all users has intensified competition in the search engine market, potentially benefiting Alphabet's Google Search as it continues to innovate and maintain its market position. Additionally, the internet advertising market is projected to grow significantly, with
Alphabet Inc. (GOOGL) saw a significant rise in its stock price on December 16, 2024, closing at $196.66, up 3.6% from the previous close of $189.82. The stock opened at $192.88 and reached an intraday high of $199.00, driven by a surge in trading volume to 43,315,242 shares, which is 163.61% of its average. The upward momentum was fueled by several positive developments, including Jefferies' recognition of