Alphabet’s strong earnings report impressed investors, with earnings per share at $2.31 and revenue at $96.43 billion. Key highlights include $54.19 billion from search, $71.34 billion in total ad revenue, and $9.8 billion from YouTube ads. Cloud revenue surged 32% to $13.62 billion, with a deal struck with OpenAI. The company raised its 2025 capital spending forecast to $85 billion. Analysts raised price targets, with Bank of America at $217 and JPMorgan at $232. However, concerns remain about regulatory and competitive threats, including an antitrust lawsuit from the DOJ and emerging AI competitors.

Read more at Yahoo Finance: Analysts turn heads with new Alphabet stock price target after earnings