Alphabet: Wedbush confident ahead of quarterly results
(CercleFinance.com) - Wedbush confirms its 'outperform' rating on and $205 target price for Alphabet shares (cp: $183, +2.
2%), confident ahead of the Q2 earnings call of the parent company of Google and YouTube.
Citing its own advertising survey and agency reports of continued strength in the search engine, the broker raises its growth assumption for Google Search from 12% to 12.8%.
"With cost controls still in place, we expect continued operating margin expansion in 2Q and expect operating margin of 31.7% (vs. 31.1% consensus)", Wedbush adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
2%), confident ahead of the Q2 earnings call of the parent company of Google and YouTube.
Citing its own advertising survey and agency reports of continued strength in the search engine, the broker raises its growth assumption for Google Search from 12% to 12.8%.
"With cost controls still in place, we expect continued operating margin expansion in 2Q and expect operating margin of 31.7% (vs. 31.1% consensus)", Wedbush adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.