More than a dozen analysts upgraded their price target for Alphabet stock to $150 or higher following earnings, per FactSet, which would be the highest price in the stock’s 19-year history.
Among the most bullish on Alphabet was Jefferies analysts led by Brent Thill, who raised their target for the stock from $150 to $165 and declared Alphabet proved it won’t be a “generative AI casualty.” Jefferies’ rating implies 27% upside and predicting the company’s market capitalization will surge past $2 trillion for the first time in its history.
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Stock Market Today: What to Watch Ahead of Alphabet, Microsoft EarningsStock futures were steady ahead of a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. Follow the latest markets updates.
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Alphabet earnings push stock up 6%, CFO Porat to become president, chief investment officerGoogle parent Alphabet’s stock jumped 6% in after-hours trading after $GOOGL beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September.
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Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officerRuth Porat, who has played an essential role in Google’s advertising success since she became CFO in 2015, will start her new role as president and chief investment officer on Sept. 1.
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Alphabet stock jumps on earnings while Microsoft shares dip, and other stocks on the moveAlphabet, Microsoft, Dish Networks and PacWest Bancorp are among the stocks in the spotlight.
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Dow strives for 12th day of gains as Microsoft and Alphabet earnings loomU.S. stock futures rose early Tuesday as earnings season picked up pace and traders looked ahead to the Fed decision midweek.
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