Alphabet's performance has caught the attention of multiple market analysts, leading to optimistic predictions towards its stock.
Cloud services continue to drive its revenue and a leap to $300 per share is expected. Taking the mantle of AI leader from NASDAQ, Google's expected Q2 report is being keenly anticipated.
Market rotations are being closely watched as Alphabet's stock keeps improving.
Acquisition strategies appear to be a crucial part of Alphabet's gameplan with the company planning its largest purchase ever. Analysts have given a general consensus of “buy” with earnings expected to grow considerably.
Stellar Q2 results, including CEO Sundar Pichai selling a portion of his shares, led to a surge. Possibly, the biggest news is Alphabet's near $23 billion deal with cybersecurity startup Wiz. Market strategists are keeping a close eye on Alphabet's moves and indicating a 'strong buy', even though there are speculations of pushback from the DC over the Wiz deal, overseeing its potential to face a breakup by the emerging political landscape.
Alphabet GOOG News Analytics from Thu, 25 Apr 2024 07:00:00 GMT to Sun, 21 Jul 2024 20:15:07 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 6
