Google 'moving in a good direction': What analysts are saying after tech giant's strong earnings

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Among Wall Street firms Barclays has one of the highest price targets for shares of Alphabet, predicting 29% upside.

Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results . On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share. The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated. Shares of Alphabet popped about 6% on the back of the results.

mountain chart Analysts from major Wall Street shops including Barclays, Citi, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley all reiterated their overweight or buy-equivalent rating on the stock Here were the analysts' latest price targets. Alphabet's Class A shares closed at $169.68 on Tuesday afternoon.

 

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