Alphabet (GOOG) is set to release its Q2 2025 earnings report on July 23. Morningstar highlights the importance of AI search, monetization rates, and overall search health in the earnings. Google’s success in attracting AI startups and OpenAI’s use of GCP are expected to positively impact results, with projections of growth in Google Cloud later in the year. YouTube’s GenAI features are anticipated to boost revenue. Alphabet’s fair value estimate is $237 with a 10% growth rate over the next five years. The company has a wide economic moat rating, strong financial position, and medium uncertainty risk. Bulls believe in Alphabet’s advertising business and growth areas like GCP, while bears point out concentration risks in text-based advertising and regulatory challenges.

Read more at Morningstar: Going Into Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?