Alphabet expected to report strong Q3 earnings with revenue growth and bullish outlook.

From Nasdaq: 2024-10-28 15:05:00

Alphabet is set to report Q3 earnings, with an expected EPS of $1.83 and revenues projected at $72.85 billion, a 13.7% increase from last year. The company’s cloud division continues to grow, with revenues climbing 29% to $10.3 billion last quarter. Alphabet’s dominance in digital advertising and search, coupled with its robotaxi venture, suggests a bullish trend for the stock price. The GOOGL stock is trading above both short-term and long-term moving averages, with a Zacks Rank #2 (Buy) and an average short-term price target of $201.78, indicating a potential 24% upside. Now might be the right time to buy Alphabet stock.



Read more at Nasdaq: 5 Reasons to Buy GOOGL Stock Before Alphabet’s Q3 Earnings