Earnings season is in full swing, with results from tech giants and sector leaders influencing the market's direction.
Instead, they should consider the recommendations of top Wall Street analysts, who perform an in-depth analysis of a company's fundamentals so they can highlight stocks with solid long-term growth potential., highlighting the strength in its Search and Cloud businesses. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts' expectations.reiterated a buy rating on GOOGL stock with a price target of $222. The stock remains a top pick for BMO.
Additionally, he raised his 2024 and 2025 estimates for the Cloud business to reflect AI-led gains. Pitz highlighted that the company's AI infrastructure and generative AI solutions for cloud clients have been adopted by over 2 million developers and are already contributing "billions" in revenue. Pitz ranks No. 189 among more than 8,900 analysts tracked by TipRanks. His ratings have been successful 74% of the time, with each delivering an average return of 17.1%. , a membership and leisure travel company. TNL exceeded analysts' earnings expectations for the second quarter but lagged revenue estimates. The company raised its full-year adjusted earnings before interest, taxes, depreciation and amortization guidance to reflect solid consumer demand for vacation ownership or timeshares.
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