Alphabet is set to report its fourth-quarter results after market close on Tuesday, with analysts mostly bullish on the tech giant’s stock. The company is expected to show growing revenue and profits.
Analysts’ consensus predicts a 12% year-over-year increase in revenue to $96.6 billion, accompanied by earnings of $26.19 billion, or $2.12 per share. This represents a significant boost from last year’s $20.69 billion in earnings, or $1.64 per share.
The emergence of a sophisticated AI model from Chinese startup DeepSeek has raised concerns about Alphabet’s spending on AI. However, analysts from Bank of America believe that Meta’s strong Q4 results may reassure investors and keep the focus on the company’s solid ad spend and growing demand for Google Cloud.
Shares have gained 43% over the past year, currently trading at $204.02. Despite this growth, the stock remains largely attractive to analysts, with a consensus price target of about $219, or roughly 7% above Friday’s closing price.
Source: https://www.investopedia.com/what-analysts-think-of-google-parent-alphabet-stock-ahead-of-earnings-8784161