Alphabet

Alphabet, Inc. (NASDAQ:GOOGL) engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products. It operates under the Google Services and Google Cloud segments. The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. The Google Cloud segment offers Google Cloud Platform and Google Workspace. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target

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UBS analyst Lloyd Walmsley told investors in a research note that Alphabet’s (NASDAQ:GOOGL) “Google Paris Live” event was disappointing because Google failed to respond directly to Microsoft’s integration of ChatGPT into Bing Search, which fully shows Google’s current dilemma. UBS said Google could launch a robust product in generative AI and augment existing products with its leading technology, but may need more training before expanding its model broadly.

UBS: Maintain Alphabet (NASDAQ:GOOGL) Buy rating with a $120 price target Read Post »

Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating

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Bank of America Securities released a report that Alphabet (NASDAQ:GOOGL) net income in the fourth quarter of last year was $63.1 billion, less than market expectations of $63.6 billion; Among them, YouTube revenue was worse than expected, further slowing down from 2% year-on-year in the third quarter to 8% year-on-year in the fourth quarter, mainly due to the further decline in advertising expenditure. Quarterly GAAP operating income and earnings per share were $18.2 billion and $1.05, respectively, also below market expectations of $18.6 billion and $1.18. The bank mentioned that although the group’s revenue was under pressure, the lower than expected cost of R&D and sales and marketing in the quarter, coupled with layoffs and lower server depreciation, could generate higher gross margin and stable earnings per share. Bank of America Securities raised its target price on Alphabet to $125 from $119 and maintained its buy rating.

Bank of America: Raised Alphabet (NASDAQ:GOOGL) price target to $125 with a buy rating Read Post »

UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating

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UBS released a research report that Alphabet (NASDAQ:GOOGL) has revealed a more cautious approach, so its view of the short-term financial risks caused by the development of artificial intelligence generation has improved slightly, but at the same time, the company’s capital expenditure on infrastructure technology has increased, reflecting that it is preparing for more computing needs, and overall believes that Alphabet is still not out of trouble, and the macroeconomy is expected to continue to bring pressure. UBS maintained its Buy rating and raised its price target from $110 to $120 supported by higher valuations, corresponding to a price-to-earnings ratio of about 20 times unchanged.

UBS: raised Alphabet (NASDAQ:GOOGL) Target price to $120 Buy rating Read Post »

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating

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Jefferies said Alphabet (nasdaq:GOOGL) is still challenging in its fourth quarter. Weak ad spend and foreign exchange headwinds resulted in a lower single-digit margin than expected in the advertising segment, but overall revenue was in line with expectations due to hardware and YouTube subscription growth. The bank is encouraged by the company’s increased focus on costs and monetization of AI assets. The bank said that the group’s core search business can still attract increased advertising revenue as it shifts to digital and mobile, and Google Cloud will be another breakthrough for the group as YouTube is the best platform to take advantage of online video. The bank raised its price target by 21% to $130 with a buy rating.

Jefferies: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $130 with a Buy rating Read Post »

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating

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Google’s parent company Alphabet Inc.(NASDAQ:GOOGL) After the Q4 results, Oppenheimer analyst Jason Helfstein raised his price target to $155 from $130, maintaining an “outperform” rating. The analyst said in a research note that the weak macro environment eventually affected Alphabet’s search business. The 4% decrease in the company’s net advertising revenue due to layoffs may be offset by lower operating expenses and reduced losses on Google Cloud Platform.

Oppenheimer: Upgraded Alphabet Inc.(NASDAQ:GOOGL) with a price target of $155 Maintain an “Outperform” rating Read Post »

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