Alphabet: share price rebounds ahead of results

(CercleFinance.com) - Yesterday Alphabet shares closed up about 2% on the Wall Street Stock Exchange after several sessions of decline.


Wedbush confirmed its 'outperform' rating on and $205 target price for Alphabet shares, confident ahead the parent company of Google and YouTube's Q2 results.

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, analysts expect continued expansion of the group's operating margin in Q2 to 31.7% (vs. consensus of 31.1%), Wedbush adds.


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