From Financial Modeling Prep: 2024-10-09 15:40:00

Cantor Fitzgerald analysts maintain Neutral rating and $190 price target for Alphabet (NASDAQ:GOOGL) ahead of Q3 earnings on October 22. Expect solid results with revenue meeting expectations and EPS exceeding Visible Alpha consensus. Positive ad trends for Search and YouTube to drive growth, favorable legal expenses may boost earnings.

Antitrust challenges remain a concern, but potential remedies from DOJ’s Search trial could offer clarity and ease pressure on Alphabet’s stock. Analysts anticipate updates on expense growth outlook beyond fiscal 2024 under new CFO. Despite risks, current risk/reward profile seen as favorable leading up to earnings announcement.



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