Alphabet Inc. (NASDAQ: GOOGL) is expected to beat earnings as Evercore ISI reaffirms an Outperform rating with a $205.00 price target ahead of the second-quarter report on July 23. Analysts predict a modest beat fueled by positive advertising trends and reasonable cloud growth expectations.

The research firm notes that Alphabet’s advertising performance has been strong, with budgets on the rise despite April fluctuations. Street expectations for a 28% year-over-year Cloud growth are deemed reasonable, but there may be quarterly volatility due to tight GPU supply until late 2025.

Alphabet Inc. (NASDAQ: GOOGL) is a technology conglomerate holding company owning Google and other businesses. The company is well-positioned for growth, but some analysts believe other AI stocks may offer greater upside potential and less downside risk.

Investors interested in AI stocks should consider alternatives to GOOGL for potential gains. Check out our free report on the best short-term AI stock with significant growth potential amidst current economic trends.

Read more at Yahoo Finance: Alphabet (GOOGL) Poised To Deliver Modest Earnings Beat, Says Evercore ISI