Google Stock Roars As Analysts Race To Raise Price Targets

Google parent Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter results beat Wall Street’s expectations for the tenth straight quarter on Wednesday. Analysts are responding by raising their price targets across the board.

Click here to see what experts are saying about GOOG stock here.

Q2 Results: Google parent Alphabet reported revenue of $96.43 billion, beating analyst estimates of $93.72 billion. The company reported second-quarter earnings of $2.31 per share, beating the Street estimate of $2.16 per share.

Total revenue was up 14% year-over-year, driven by "robust momentum" across the business.

Google Advertising: $71.34 billion, up from $64.62 billion year-over-year

Google Search: $54.19 billion, up from $48.51 billion year-over-year

YouTube Advertising: $9.8 billion, up from $8.66 billion year-over-year

Google Cloud: $13.62 billion, up from $10.35 billion year-over-year

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Price Target Adjustments:

Analysts from KeyBanc Capital Markets attributed growth across all segments to AI momentum and Justin Patterson raised the price target on Alphabet shares from $215 to $230.

WestPark Capital analyst Curtis ...